Texas Governor Approves Bitcoin Reserve, Setting a National Trend

Texas is poised to become a pioneer in state finance, with Governor Greg Abbott set to sign Senate Bill 21 into law. This will officially authorize the creation of a strategic Bitcoin reserve for the state, marking a significant step towards embracing digital assets in government holdings. Following a successful pass through the Texas House of Representatives, this bill paves the way for Texas to actively shape its future within the financial landscape and prepare for a more digitized economy. While other states have shown interest in exploring Bitcoin reserves, Texas’s decisive action positions it at the forefront of this trend.