Texas Senate Approves Bitcoin Reserve Bill, Sets Precedent for State Adoption

The Texas Senate has advanced a key bill, SB 21, which proposes the creation of a state-managed Bitcoin reserve fund. The bill will soon be forwarded to Governor Greg Abbott for his signature, potentially setting a precedent for other states in embracing Bitcoin technology. This action comes after both chambers of the Texas legislature passed SB 21 with bipartisan support. The bill creates a dedicated fund overseen outside the state treasury, financed by state appropriations and voluntary donations.