Matt Levine has recently written a humorous-yet-thorough article on this exact issue: https://www.bloomberg.com/opinion/articles/2024-12-02/texas-asks-if-index-

Matt Levine has recently written a humorous-yet-thorough article on this exact issue: https://www.bloomberg.com/opinion/articles/2024-12-02/texas-asks-if-index-funds-are-illegal https://www.bloomberg.com/opinion/articles/2024-12-02/texas-...