[Texas Forms Strategic Bitcoin Reserve Advisory Committee, Seeks Direct Bitcoin Custody] Deep Tide TechFlow reports that on May 29, according to The Block, Texas Acting Comptroller Kelly Hancock officially appointed four external members to join the Strategic Bitcoin Reserve Advisory Committee. The committee was established under Senate Bill 21, and its members include CleanSpark President and CFO Gary Vecchiarelli, Bitcoin mining company Cormint Founder and CEO Jamie McAvity, Southern Methodist University law professor Carla Reyes, and investment executive Laurie Dotter. The committee will provide advice to the comptroller on Bitcoin valuation, custody, and risk management. Currently, Texas has established an initial $10 million position in Bitcoin through BlackRock's IBIT Bitcoin ETF and has issued a request for proposals seeking service providers to assist in transitioning the reserve assets from IBIT to direct Bitcoin ownership. Texas is the third U.S. state to legislate the establishment of a strategic Bitcoin reserve, following Arizona and New Hampshire.