Texas forms Strategic Bitcoin Reserve Advisory Committee, appoints CleanSpark executive

Texas is no longer just talking about a state Bitcoin reserve. It’s building the infrastructure to actually manage one.

Acting Texas Comptroller Kelly Hancock announced on May 28 the formation of the Texas Strategic Bitcoin Reserve Advisory Committee, a five-member panel created under Senate Bill 21. The committee’s job: advise the state on how to value, secure, and manage Bitcoin as a public asset.

Who’s on the committee

The panel draws from mining, finance, and academia. Gary A. Vecchiarelli, President and CFO of CleanSpark, landed one of the five seats. CleanSpark is one of the largest publicly traded Bitcoin miners in the US.

Jamie McAvity, CEO of Cormint Data Systems, brings another mining perspective. Cormint operates Bitcoin mining facilities in Texas.