Texas Governor Endorses State-Managed Bitcoin Reserve

Texas is set to take a significant step forward in its embrace of cryptocurrencies, as Governor Greg Abbott has thrown his support behind a state-managed Bitcoin reserve. Senate Bill 21, the key legislation driving this plan, has been passed by the Texas Legislature and now awaits final approval from the governor. This landmark move positions Texas as a potential pioneer for state-level cryptocurrency adoption, with Governor Abbott’s vocal endorsement signaling a strong likelihood of its implementation.