Texas to Establish State Bitcoin Reserve with Potential for Cryptocurrency Leadership

Texas has taken a significant step toward becoming a leader in cryptocurrency investment by passing a bill establishing a state Bitcoin reserve. This historic legislation, awaiting Governor Greg Abbott’s approval, positions Texas as a pioneering force in using digital assets for financial stability. championed the initiative, which will allow for the creation of a dedicated Bitcoin portfolio outside the traditional state treasury under the supervision of the Texas Comptroller of Public Accounts. The bill underscores Texas’ commitment to embracing cryptocurrencies in its economic strategy. !