{"data":{"id":"us-tx/tex.-government-code-403.701","jurisdiction":"us-tx","citation":"Tex. Government Code § 403.701","heading":"DEFINITIONS.","body":"In this subchapter:\n(1) \"Airdrop\" means a gratuitous distribution of cryptocurrency to persons who hold cryptocurrency, generally made in a broad, equitable, and nondiscretionary manner.\n(2) \"Bitcoin\" means a type of decentralized cryptocurrency created by a peer-to-peer network that operates independently of any central authority or bank.\n(3) \"Cold storage\" means a method of storing private keys required to engage in transactions involving cryptocurrency that:\n(A) has a nexus to a secure physical location;\n(B) is protected from unauthorized access; and\n(C) is isolated from any Internet network connections.\n(4) \"Cryptocurrency\" means a type of virtual currency that utilizes cryptography to secure transactions that are digitally recorded on a distributed ledger, such as a blockchain.\n(5) \"Fork\" means a change to the consensus mechanism of a distributed ledger that creates a separate ledger, which may result in a new cryptocurrency that shares a common transaction history with the previous cryptocurrency up to the point of the change.\n(6) \"Qualified custodian\" means a state or federally chartered financial institution or other entity regulated by this state that has custody of a virtual currency.\n(7) \"Reserve\" means the Texas Strategic Bitcoin Reserve established under this subchapter.\n(8) \"Virtual currency\" has the meaning assigned by Section 12.001, Business \u0026 Commerce Code.\nAdded by Acts 2025, 89th Leg., R.S., Ch. 957 (S.B. 21), Sec. 2, eff. June 20, 2025.","path":["GOVERNMENT CODE","TITLE 4. EXECUTIVE BRANCH","SUBTITLE A. EXECUTIVE OFFICERS","CHAPTER 403. COMPTROLLER OF PUBLIC ACCOUNTS","SUBCHAPTER V. TEXAS STRATEGIC BITCOIN RESERVE"],"source_url":"https://statutes.capitol.texas.gov/Docs/GV/htm/GV.403.htm#403.701","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:16Z","sha256":"1f49e84680f32245ff8234c04eacc9037955667ecd6fab14c287c95fbb1dec5d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-government-code-403.655","next":"us-tx/tex.-government-code-403.702"},"notice":"GroundRules: Original legal text. Not legal advice."}