Texas House to advance or reject Bitcoin bill by May 24

US states could succeed in the federal authorities directed in advance on the Bitcoin reserve policy, the legislators of Texas, the legislators have advanced a bill by the Senate.

Texas decision -makers in the State Senate approved an investment proposal to invest in public funds in Bitcoin (BTC) with a vote of 25-2 on Thursday, March 6, in the middle of a political race for American cryptography.

The bill has now moved to the House, which must act on the proposal by May 24. Dennis Porter, founder of Satoshi Act Fund, said that members of the May Chamber accelerate The process and soon won the proposal on the governor’s office.

More than two dozen states discuss invoices to allocate taxpayers’ money to buy BTC in a national -scale adoption wave powered by crypto lobbying efforts and Donald Trump’s return as president. Texas, the second largest American economy with a GDP of 2.6 billions of dollars, and UTAH are considered the main pretenders likely to adopt a Bitcoin investment bill, according to Porter.

In addition, Texas news was before the White House cryptography summit on Friday, March 7, where participants should include some of the biggest names and magnate in industry. Speculation rises that President Donald Trump will unveil a national Bitcoin strategy during the event.

Earlier, the White House AI and the Tsar Crypto David Sacks deceased Bitcoin management of the government of the government. The United States has sold 195,000 BTC for $ 336 million in 12 years, missing $ 17 billion in profits if it had in place.

Sacks said President Trump asked the White House’s cryptography working group to determine a national BTC reserve strategy. Howard Lungick, trade secretary and former CEO of Cantor Fitzgerald, also stressed Trump’s interest in a bitcoin reserve.

Questions were raised after Trump said that a reserve of American crypto would include altcoins like (Xrp), Solana (GROUND) and cardano (ADA). Lutnick expects BTC to occupy the front of the stage, while altcoins are “treated differently” but positively.