Gov. Abbott signs HB 4488 to shield Bitcoin reserve permanently
SB 21 not signed yet, auto-enacts June 22
Bill enables Texas investment in Bitcoin via state-managed fund
Bitcoin Reserve Now Legally Protected
Texas Governor Greg Abbott has signed House Bill 4488 (HB 4488), giving legal protection to any future Bitcoin reserves the state may hold. This bill ensures that a state-managed Bitcoin reserve will not be dissolved or absorbed into the general fund, even after automatic fund expirations set for 2025. The move highlights Texas’s growing commitment to incorporating Bitcoin into its long-term financial strategy.
By classifying the reserve as a permanent fund, the law guarantees its preservation and management under state supervision, allowing public donations and alternative funding methods. This is a significant move toward legitimizing crypto assets at a state level.
SB 21 Awaits Activation
While HB 4488 has been signed, Senate Bill 21 (SB 21)—which proposes the actual creation of the Texas Bitcoin Reserve—has not been signed by Gov. Abbott. However, under Texas law, a bill passed by the legislature becomes law automatically if not vetoed or signed by a specified deadline. SB 21 is expected to take effect at 12:01 AM on June 22, 2025.
SB 21 authorizes the Texas Comptroller to invest in Bitcoin and other top-cap cryptocurrencies (with a market cap of at least $500 billion). It sets clear guidelines for the reserve’s operation, including advisory oversight, transparency measures, and eligibility criteria for assets.
https://twitter.com/Cointelegraph/status/1936333516897165643
Texas Leads in Crypto Legislation
Texas is emerging as a national leader in state-level cryptocurrency initiatives. By protecting and preparing for a Bitcoin reserve, the state is sending a strong message: digital assets are not only viable investment vehicles but also worthy of public fund status.
These bills open the door for other states to consider similar crypto strategies, blending decentralized technology with traditional government infrastructure.
Conclusion
With HB 4488 now law and SB 21 set to activate automatically, Texas is positioning itself as a pioneer in integrating Bitcoin into state finance. The Lone Star State is setting a bold precedent—protecting Bitcoin not just as a speculative asset, but as a long-term public financial reserve.
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