Texas appointed members to the Texas Strategic Bitcoin Reserve Advisory Committee to guide the state’s management, custody, and valuation of bitcoin holdings. The committee was created under Senate Bill 21, signed into law on June 22, 2025. Acting Texas Comptroller Kelly Hancock announced the appointments and emphasized transparency, security, and strong financial controls. The five-member panel includes Hancock and members with investment governance experience, bitcoin mining and data systems expertise, legal and blockchain policy expertise, and accounting experience. The committee is intended to help the state carry out reserve responsibilities carefully and responsibly in the best interest of Texas taxpayers.
"The Legislature gave the Comptroller's office a clear responsibility to administer the Texas Strategic Bitcoin Reserve, and that work must be done with transparency, security and strong financial controls. This advisory committee brings together the kind of expertise needed to help the state carry out that direction carefully, responsibly and in the best interest of Texas taxpayers."
"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 - making Texas one of the most prominent states in the nation to move forward with an operational bitcoin reserve."
"The five-member committee - 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."
"Legal scholar Carla Reyes, a professor at Southern Methodist University, currently serves on the federal Commodity Futures Trading Commission's Innovation Advisory Committee and has testified before Congress on blockchain policy. Rounding out the panel is Gary A. Vecchiarelli, CPA, president"
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