Texas Names Bitcoin Reserve Advisory Committee as State Eyes Direct Bitcoin Custody
Texas has established a five-member advisory committee to manage its Strategic Bitcoin Reserve as it shifts from ETF exposure to direct custody of bitcoin. The committee, formed under Senate Bill 21, includes experts in finance, law, and digital assets. Texas is also seeking a qualified firm to provide custody services for its bitcoin holdings, currently valued at approximately $10 million.
- ▪The Texas Strategic Bitcoin Reserve Advisory Committee was announced by Acting Comptroller Kelly Hancock.
- ▪The committee was created under Senate Bill 21, which was passed by the Texas Legislature in 2025.
- ▪The committee includes members with extensive experience in investment, legal matters, and digital assets.
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