89th Legislature, Regular Session
SB 2922
Relating to the issuance and regulation of an oil-backed stablecoin; authorizing a fee; authorizing an administrative penalty.
Introduced
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Sign in to take action- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
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89R15933 SRA-F By: Parker S.B. No. 2922 A BILL TO BE ENTITLED AN ACT relating to the issuance and regulation of an oil-backed stablecoin; authorizing a fee; authorizing an administrative penalty. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. This Act may be cited as the Texas Oil-Backed Stablecoin Act. SECTION 2. (a) The legislature finds that: (1) Texas is a global leader in oil production, refining, and innovation in energy markets;