🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Texas On the Verge Of Becoming Third State To Establish Strategic Bitcoin Reserve
On Tuesday, the Texas House of Representatives advanced SB21, a bill to facilitate the establishment of a Strategic Bitcoin Reserve in the state. The bill passed its second reading in the House and is awaiting a possible third reading today, after which it will make it to Governor Greg Abbott’s desk.
SB 21 Clears House Second Reading
Authored by Senator Charles Schwertner and filed on 12th February, the bill provides for the “establishment and administration of the Texas Strategic Bitcoin Reserve for the purpose of investing in cryptocurrency and the investment authority of the Comptroller of Public Accounts over the reserve and certain other state funds.”
Summarily, it allows the State Comptroller to invest public funds in cryptocurrency contained in a Strategic Bitcoin Reserve, all under the Comptroller’s management. It specifically targets assets with no less than $500 billion in market capitalization “over the most recent 12-month period.”
It also enables the Comptroller to determine whether to use derivatives, engage in staking of qualifying digital assets in the reserve, or lend out digital assets earned through investments in the reserve.
Furthermore, it empowers the Comptroller to establish the “Texas Strategic Bitcoin Reserve advisory committee,” a five-person Committee that would advise on the “administration and management of the reserve.” This Committee will comprise the Comptroller, a member of their investment advisory board, and three other appointees who are cryptocurrency experts.
The SBR bill saw a smashing performance in the House, garnering 105 Yeas and 23 nays, marking a sweeping bipartisan support for the novel legislation and testifying to the Lone Star State’s enthusiasm to promote Bitcoin and digital asset advancement.
Texas Eyes 3rd Place In US State SBR Race
Following the Second Reading, the lawmakers adopted a crucial amendment to the legislation regarding the market capitalization of a qualifying SBR asset. A crypto asset is required to maintain the $500 billion market cap “over the most recent 24-month period” instead of 12 months, thus raising the bar for potential SBR assets.
Texas now aims to follow in the steps of New Hampshire and Arizona and secure third place in the US SBR legislation race, having succeeded as one of the only three states to have pushed their bills to their respective second chambers
After yesterday’s passage, SB 21 has been cleared for a third reading, expected to happen from Wednesday, according to sources following the bill’s movement in the legislature. Once it clears the third reading, the bill will be sent to Governor Abbott’s desk for possible enactment.
Earlier this May, New Hampshire made history as the first US state to pass a Bitcoin Reserve bill, quickly followed by Arizona. After Texas, North Carolina is the only other state to have advanced its SBR bill to the second chamber as of this writing..