Texas legislative session winds down with crypto payments nonetheless in limbo

The 88th legislative session for the federal government of the state of Texas will finish on Could 29 with none decision to sure payments affecting features of the digital asset area.

In line with Texas legislative information, lawmakers moved Senate Invoice 1751 to the Committee on State Affairs on April 24 after passage within the state senate. The laws goals to amend sections of Texas’ utilities and tax code so as to add restrictions for crypto mining companies, prompting criticism from digital asset advocates. On the time of publication, there was no motion on S.B. 1751, making it unlikely that lawmakers will be capable to tackle the invoice till its subsequent common session beginning in January 2025 — the Legislature meets each different 12 months.

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