Texas Governor Endorses Bitcoin Reserve Proposal

Texas Governor Abbott recently shared news about the progress of a bill proposing the state hold bitcoin as part of its reserve, signifying potential backing for this initiative. This move is being perceived by many as tacit support for Texas’s ambitious plan to become a leader in digital asset innovation. 📚 The State-Sponsored Bitcoin Reserve Bill (SBR) proposes that Texas treasury assets include a portion in BTC, treating the cryptocurrency alongside traditional holdings as a strategic reserve asset. 🚀 Supporters believe this would provide protection against inflation and attract additional blockchain investments, while establishing Texas as a central force for bitcoin adoption.