The 88th legislative session for the government of the state of Texas will end on May 29 without any resolution to certain bills affecting aspects of the digital asset space.
According to Texas legislative records, lawmakers moved Senate Bill 1751 to the Committee on State Affairs on April 24 after passage in the state senate. The legislation aims to amend sections of Texas’ utilities and tax code to add restrictions for crypto mining firms, prompting criticism from digital asset advocates. At the time of publication, there was no movement on S.B. 1751, making it unlikely that lawmakers will be able to address the bill until its next regular session starting in January 2025 — the Legislature meets every other year.