Texas Governor Signs Virtual Currency Bill


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Texas Governor Greg Abbott announced on Twitter that he has signed an important cryptocurrency bill.

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Positioning the Lone Star state as one of the leaders of the cryptocurrency industry “Virtual Currency Law”, It passed both chambers of the Republican-dominated legislature in May. While the legislation outlines guidelines for cryptocurrency businesses in the state “virtual currency” provides an official definition of the term.

Abbott also “Zuckerbucks”ı He also signed a bill banning money (money poured by private groups to run state elections).

Texas Adopts Blockchain and Cryptocurrencies

On June 10, the Texas Banking Department announced that banks licensed by the state could store cryptocurrencies.

Abbott also announced in early June to expand the state’s blockchain industry. “a master plan” He also signed a bill establishing Last week, Texas Senator Ted Cruz “Hannity” During his interview about Bitcoin “lots of potential” He said he had it.