A significant move in Texas’ approach to cryptocurrency is unfolding with the passage of a bill designed to establish a state-managed Bitcoin reserve. The bill, backed by bipartisan support and notable figures like Dennis Porter, has progressed through its legislative stages and stands poised for final approval. This initiative, championed by the Texas Blockchain Council and aimed at bolstering institutional interest in Bitcoin, would allow the state to directly invest in Bitcoin, with assets stored securely via cold storage overseen by an advisory committee. The Texas Comptroller of Public Accounts will be responsible for managing the reserve once it’s enacted. The bill could result in a significant increase in both Bitcoin adoption and valuation as its passage paves the way for more states to follow suit, potentially shaping investment strategies across the country.