The Texas Bitcoin Reserve Bill (SB 21) is nearing a final vote, fueled by strong support from Governor Greg Abbott, who believes his state should become the global crypto hub. The bill’s advancement highlights a growing trend of states incorporating Bitcoin into their financial strategies. Governor Abbott has publicly stated his vision for Texas as the ‘crypto capital.’ The legislation will establish a state-managed reserve fund holding Bitcoin, leveraging various funding sources and subject to current criteria that only allow for Bitcoin inclusion. This move could increase institutional investment in Bitcoin and potentially boost local business activity within Texas’s burgeoning crypto landscape.