The bill highlights:
- Texans can donate bitcoin to the reserve voluntarily.
- Government agencies can accept certain digital assets for payment and convert them to bitcoin.
- Bitcoin must be held for at least 5 years before transfer, sale or conversion.
- There will be strict rules regarding transactions associated with foreign entities or individuals involved in illegal activities.
https://bitcoinnews.com/adoption/giovanni-capriglione-texas-bitcoin-act/