Texas Acting Comptroller Kelly Hancock has appointed the state’s Strategic Bitcoin Reserve Advisory Committee, naming CleanSpark President and CFO Gary A. Vecchiarelli among the five members tasked with advising on the reserve’s management.

The committee was created under Senate Bill 21 and will advise Hancock on the administration of the Texas Strategic Bitcoin Reserve, including policies for valuing digital assets, managing risk, overseeing custody, and handling digital asset operations.

Vecchiarelli brings more than 20 years of finance, accounting, and public company leadership experience. The Comptroller’s office said he helped build CleanSpark’s digital asset management program, including its trading desk, yield strategies, borrowing facilities, and governance policies for Bitcoin transactions.

Other committee members include Laurie Dotter, Jamie McAvity, and Carla Reyes, alongside Hancock. Dotter brings public fund and investment governance experience, McAvity is the founder and CEO of Texas Bitcoin miner Cormint Data Systems, and Reyes is an SMU law professor who serves on the CFTC’s Innovation Advisory Committee.

The appointment comes as Texas moves from legislation to execution on its Bitcoin reserve strategy. SB 21 established the reserve as a special fund outside the state treasury, with the Comptroller responsible for administering and managing it.

The law allows the reserve to hold Bitcoin and other crypto assets that meet a $500 billion average market capitalization threshold over the previous 12 months.

The Comptroller’s office also issued a request for proposals seeking a custody and liquidity provider for the reserve. The selected firm will acquire, hold, manage, and report the state’s Bitcoin and crypto holdings, while supporting key management, operational controls, legislative reporting, and a public website displaying reserve holdings.