Senate Bill 21 establishes the Texas Strategic Bitcoin Reserve (Reserve) as a special fund outside the state treasury, administered and managed by the comptroller. This allows the state to hold Bitcoin as a financial asset. The comptroller is tasked with maintaining and administering the Reserve, as well as investing, compliance, and reporting requirements. Public and private entities may give, grant, or donate cryptocurrency to the Reserve
State AI Policy Preemption: Reconciliation Staving Off Heavy-Handed Regulation While Promoting Light-Touch Guardrails
The California Approach SB 1047-style AI regulation poses a threat to US hegemony in the AI race. Some particular concerns underscored by TPPF research include: Impossibly high pre-deployment standards, such as the assurance that there is zero possibility for covered models to have hazardous capabilities. Enmeshing AI into state functions with an explicit goal of...