Texas has formed the Texas Strategic Bitcoin Reserve Advisory Committee to oversee the management, custody, and valuation of state-held Bitcoin, as outlined in Senate Bill 21. Announced by Acting Comptroller Kelly Hancock, the committee comprises experts in investment, legal, mining, and financial sectors to ensure institutional-grade oversight and transparency. The state has also issued a request for proposals (RFP) to select a firm for Bitcoin custody, aiming to transition to direct storage within 60 days of contract execution. The committee includes Laurie Dotter, Jamie McAvity, Carla Reyes, and Gary A. Vecchiarelli, each bringing significant expertise in their respective fields. The RFP seeks a provider to manage acquisition, storage, liquidity, and reporting functions, with a focus on secure key management and operational controls. This initiative comes as federal efforts to establish a Bitcoin reserve face delays, despite a March 2025 executive order directing the U.S. Treasury to create a reserve using forfeited Bitcoin holdings.