Giovanni Capriglione, Texas State of Representative from the 98th district | https://www.texastribune.org/directory/giovanni-capriglione/
Giovanni Capriglione, Texas State of Representative from the 98th district | https://www.texastribune.org/directory/giovanni-capriglione/
More specifically, the official text was summarized by the state legislature as ’’Relating to the establishment of a bitcoin reserve within the state treasury and the management of cryptocurrencies by governmental entities’’.
The following is our breakdown, based on the actual bill text, and may include interpretation to clarify its provisions.
The bill establishes the Texas Strategic Bitcoin Reserve as a special fund within the state treasury to hold Bitcoin as a financial asset. It allows Texans to donate Bitcoin to the reserve, contributing to shared ownership and community investment in the state's financial future. The comptroller is tasked with maintaining custody of the Bitcoin, implementing secure storage and management protocols, and providing biennial reports. The reserve is designated as a strategic asset for the state and cannot be used for other purposes. The bill also permits the use of certain cryptocurrencies for fee payments to state agencies, with procedures for their conversion to Bitcoin. The effective date is upon immediate passage or Sept. 1, 2025, if not enacted immediately, and it expires Sept. 1, 2035.
Giovanni Capriglione, chair of the House Committee on Delivery of Government Efficiency and member of the House Committee on S/C on Property Tax Appraisals, proposed another four bills during the 89(R) legislative session.
Capriglione graduated from Worcester Polytechnic Institute with a BS.
Giovanni Capriglione is currently serving in the Texas State House, representing the state's 98th House district. He replaced previous state representative Vicki Truitt in 2013.
Bills in Texas go through a multi-step legislative process, including committee review, debates, and votes in both chambers before reaching a final decision. Each session, there are typically thousands of bills introduced, but only a portion successfully navigate the process to become law.
You can read more about the bills and other measures here.
| Bill Number | Date Introduced | Short Description |
|---|---|---|
| HB 1554 | 03/12/2025 | Relating to a political subdivision's authority to use public money in the provision of legal services for individuals unlawfully present in the United States |
| HB 1452 | 03/11/2025 | Relating to the promotion of film and television production in this state, including the eligibility of film or television productions for funding under the major events reimbursement program, the creation of a film events trust fund and a film production tax rebate trust fund, the establishment of virtual film production institutes, and the designation of media production development zones |
| HB 1451 | 03/11/2025 | Relating to the information required to be disclosed in a lobbyist registration form |
| HB 1450 | 03/11/2025 | Relating to requiring public institutions of higher education to report certain information regarding gifts, grants, donations, and investments received from certain foreign sources |
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