Texas set to launch Bitcoin reserve in landmark crypto bill
Texas may soon become the second U.S. state with a strategic Bitcoin reserve, following a strong House vote on a groundbreaking bill.
Texas is on the verge of creating its own Bitcoin reserve, as the state’s House of Representatives has passed Senate Bill 21 with a 101-42 vote. The bill, which previously cleared the Senate 25-5, now heads to Governor Greg Abbott, who is widely expected to sign it into law due to his long-standing support for cryptocurrency.
If enacted, the law empowers the state’s comptroller to manage a Bitcoin reserve and invest in any cryptocurrency with a market cap of over $500 billion in the past year—a threshold only Bitcoin currently meets. The bill’s backers argue that this move…
