Policy Initiatives

The Texas Blockchain Council is a proud member of the Texas Innovation and Technology Caucus. Our members are actively working to provide subject matter expertise to this group of forward-thinking legislators with a focus on the following policy initiatives. ​​

 

TBC’s Legislative Agenda for the 88th Session

  1. Consumer Protection / Dynamic Proof of Reserves and Liabilities Legislation - will enable Texas to define industry standards for the nation. Read about it here! PASSED and signed by Governor Abbott

  2. Grid Stability and Bitcoin Mining Legislation - will incentivize participation in ERCOT programs like this one recently published. Track HB 2223 bill here.

  3. Flare Gas Mitigation - will exempt severance tax from formerly flared gas when it is used for on-site mobile data centers (63% reduction in the carbon footprint when a flare is redirected to a generator). Read about it here. PASSED and signed by Governor Abbott

  4. DAO Legislation - will expand opportunities for DAO corporate formation in Texas. Track HB 3768 here.

  5. A proposed time bounded sales tax holiday for Lighting retail point of sale. Track HB 5209 here.

  6. A pilot project for the study of the use of blockchain in land administration and the tokenization of real property to increase liquidity for Texas homeowners. Track HB 5067 here.

  7. Enabling legislation that allows Texas to custody bitcoin or other large market cap asset in the Texas Bullion Depository or similar institution.

  8. A Concurrent Resolution noting Texas’ opposition to CBDCs. Track SCR 25 here.

  9. A Concurrent Resolution listing out the rights to self-custody virtual currency anonymously in a digital wallet. Track HCR 89 here!

  10. A Concurrent Resolution on privacy rights for users of digital services.

 

Successfully Passed Legislation from 87th Session

Create a Working Group comprised of legislators and private citizens dedicated to investigating the benefits of blockchain technology for Texas.Status: H.B. 1576 passed both the House and Senate and signed into law by the Governor! Goes into effect September 1, 2021

Create a Working Group comprised of legislators and private citizens dedicated to investigating the benefits of blockchain technology for Texas.

Status: H.B. 1576 passed both the House and Senate and signed into law by the Governor! Went into effect September 1, 2021

Create a Working Group comprised of legislators and private citizens dedicated to investigating the benefits of digital identity for Texas.Status: H.B. 2199 passed House, awaits Senate committee assignment

Create a Working Group comprised of legislators and private citizens dedicated to investigating the benefits of digital identity for Texas.

Status: H.B. 2199 Waiting to be reintroduced in the 88th Legislative Session that begins in January of 2023

Amend the Texas Uniform Commercial Code to explicitly confirm that digital signatures anchored to a blockchain are legally valid in the State of Texas.​Status: S.B. 344 in Senate committee

Amend the Texas Uniform Commercial Code to explicitly confirm that digital signatures anchored to a blockchain are legally valid in the State of Texas.​

Status: S.B. 344 Waiting to be reintroduced in the 88th Legislative Session that begins in January of 2023

Update the Uniform Commercial Code to better adapt commercial law to blockchain innovation and digital asset control.Status: H.B. 4474 passed both the House and Senate and signed into law by the Governor! Goes into effect Sept. 1, 2021

Update the Uniform Commercial Code to better adapt commercial law to blockchain innovation and digital asset control.

Status: H.B. 4474 passed both the House and Senate and signed into law by the Governor! Went into effect Sept. 1, 2021

 
 
Made possible by the Chamber of Digital Commerce

Made possible by the Chamber of Digital Commerce