Texas Passes Bitcoin Reserve Bill – Pending Governor Abbott’s Signature
Texas is very likely to become the second US state with a Bitcoin Reserve, now that SB 21 passed the final House reading. Only the governor’s signature stands between it and becoming a law, and he has signaled his support.
Despite recent setbacks, pro-crypto legislative efforts in the US are looking strong. Texas adopted language from New Hampshire’s successful effort, and future bills could do the same.
Texas Might Have a Bitcoin Reserve by June 2Bitcoin has dominated the crypto headlines today with record-breaking developments. Earlier today, the largest cryptocurrency reached a new all-time high at $109,000. At the same time, BTC overtook Google and Amazon in market cap.
Now, Texas has marked another major milestone for the asset.
Just yesterday, Texas state legislature overwhelmingly voted to approve a state-level Bitcoin Reserve. This follows months of preparation, representing a continued level of enthusiasm.
Pro-industry observers believed that the final vote could take place as soon as today, and it looks like this optimism has been vindicated:
Texas passes Strategic Bitcoin Reserve Bill
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