Texas Legislature Approves Bitcoin Reserve Bill, Ready for Governor’s Action

The Texas legislature has taken a decisive step forward in shaping the state’s future within the realm of digital finance. Senate Bill 21, which designates Bitcoin as a potential reserve asset for the state’s portfolio, received a strong majority vote in the House. Now, the bill awaits Governor Greg Abbott’s final approval before becoming law. If signed into effect, Texas will join only two other states—New Hampshire and possibly Arizona—in creating a Bitcoin-based investment reserve.