Texas Signs Strategic Bitcoin Reserve Into Law – Details
In a major development, the Texas State Government has officially signed a strategic Bitcoin reserve into law thereby diversifying its financial investment strategy. Following this event, Texas officially became the third US State to own a Bitcoin reserve fund under five months of the pro-crypto Donald Trump administration. Related Reading: Bitcoin In The Waiting Room […]
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Texas is now within a single, silent procedural heartbeat of creating the nation’s largest government-run stash of bitcoin. Senate Bill 21, the Texas Strategic Bitcoin Reserve and Investment Act, was dispatched to Gov. Greg Abbott on June 1 after clearing both chambers by wide margins. Texas Bitcoin Reserve Set To Become Law Under Article IV, […]
Texas Senator Charles Schwertner has refiled a strategic Bitcoin reserve bill under the new designation “SB 21,” removing the previous annual purchasing cap of $500 million and paving the way for significantly larger state-level investments in Bitcoin (BTC). The refiled legislation also broadens its reach to include other crypto assets that meet a specified market […]
On Saturday, Texas became the first-ever US state to commit public funds towards the purchase of Bitcoin. Governor Greg Abbott signed Senate Bill 21 (SB21), officially authorizing the establishment of the Texas Strategic Bitcoin Reserve. Keep reading to learn more about this development, increasing investor and government confidence in Bitcoin’s long-term potential, and what’s the best crypto to buy now in order to ride the upcoming crypto wave. Texas Passes Groundbreaking Bitcoin Reserve Bill ‘We can buy land, we can buy gold; I think the state of Texas should have the....
Everything is bigger in Texas, the popular saying goes. Now, Bitcoin adds to that reputation as the state moves closer to creating its own strategic Bitcoin reserve. Related Reading: Dirty Crypto: MELANIA And LIBRA Wallets Tied To Money Laundering? The initiative, passed with a landslide 9–0 vote on February 27, 2025, outlines a plan for […]
While implementing a strategic Bitcoin reserve on a federal level isn’t easy, 20 US states have proposed their own Bitcoin bills. This includes Oklahoma, Massachusetts, Ohio, Texas, and Illinois. North Carolina plans to allocate the largest sum to $BTC purchases, over $2.6B. If passed, these 20 US states would collectively buy roughly 247,000 $BTC, worth […]