from above
In brief
The Texas House passed Senate Bill 21 on second reading with a 105-23 vote, advancing it to third reading.
An amendment adopted Tuesday requires eligible cryptocurrencies to maintain a $500 billion market cap over 24 months.If enacted, Texas could become the second U.S. state to establish a government-managed Bitcoin reserve, after New Hampshire.
The Texas House of Representatives voted Tuesday to approve Senate Bill 21, its state Bitcoin reserve bill, pushing it past a critical legislative hurdle.
The House began by adopting an amendment from Representative Linda Garcia (D-TX) that doubled the required market capitalization period from 12 to 24 months.
Buoyed by strong bipartisan support, the House passed the Senate Bill 21 with a 105-23 vote, advancing it to a third reading.
The bill is a "forward-thinking measure" that would help recognize digital assets "not as a trend but as a strategic opportunity" key to "strengthening the state's fiscal resilience," Giovanni Capriglione (R-TX), its House sponsor, said before the final vote.
I bolded the 500 billion cap for 24 months in a row
as it is a lot like New Hampshire's requirement.
and it means only BTC meets the requirement which is very important as Eth would need at least a rise to 4200 price and stay over that for 2 years.
Since Eth at 2500 and 305b cap does not qualify.
Sooo with luck it takes forever to be add in.
At worst it will take over 2 years to get added in.
Poll
