Texas names CleanSpark exec and mining CEO to Bitcoin…

Texas Acting Comptroller Kelly Hancock has appointed four outside members to the state's Strategic Bitcoin Reserve Advisory Committee, advancing one of the first operational state-level bitcoin reserves in the U.S. The committee — created under Senate Bill 21 — will advise the comptroller on bitcoin valuation, custody, risk, and reserve management.

The appointees bring serious institutional weight: CleanSpark CFO and president Gary Vecchiarelli, who built the company's institutional-grade trading desk and bitcoin governance framework; Cormint Data Systems CEO Jamie McAvity, who runs a 130-megawatt mining facility in Fort Stockton; SMU law professor Carla Reyes, who also sits on the CFTC's Innovation Advisory Committee; and investment executive Laurie Dotter, who chairs the Investment Advisory Board for the Employees' Retirement System of Texas.

Texas became the third U.S.