Bitcoin · Federal Reserve (FED) · US Senate · Bitcoin Magazine
Acting Texas Comptroller Kelly Hancock on Thursday announced the members of the Texas Strategic Bitcoin Reserve Advisory Committee
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The committee was established under Senate Bill 21, passed by the 89th Texas Legislature and signed into law on June 22, 2025, making Texas one of the most prominent states in the nation to move forward with an operational bitcoin reserve.
Key facts
- The committee was established under Senate Bill 21, passed by the 89th Texas Legislature and signed into law on June 22, 2025 which includes Hancock himself, draws on a broad range of financial
- The office also issued an RFP seeking a qualified crypto custodian to support its Strategic Bitcoin Reserve, which currently holds about $10 million in exposure via the iShares Bitcoin Trust (IBIT)
- Laurie Dotter, who chairs the Investment Advisory Board for the Employees Retirement System of Texas, brings more than 35 years of investment and governance experience
- Jamie McAvity, founder and CEO of Cormint Data Systems, is a nationally recognized bitcoin miner operating a 130-megawatt facility in Fort Stockton with top efficiency rankings
Summary
Texas has appointed a five-member advisory committee to oversee its Strategic Bitcoin Reserve as the state prepares to transition from ETF exposure to directly custodied bitcoin. Acting Texas Comptroller Kelly Hancock on Thursday announced the members of the Texas Strategic Bitcoin Reserve Advisory Committee, a newly created body tasked with guiding the state’s management, custody, and valuation of bitcoin holdings. The committee was established under Senate Bill 21, passed by the 89th Texas Legislature and signed into law on June 22, 2025 which includes Hancock himself, draws on a broad range of financial, legal, and digital asset expertise. Laurie Dotter, who chairs the Investment Advisory Board for the Employees Retirement System of Texas, brings more than 35 years of investment and governance experience. Jamie McAvity, founder and CEO of Cormint Data Systems, is a nationally recognized bitcoin miner operating a 130-megawatt facility in Fort Stockton with top efficiency rankings.