Texas is nearing the launch of the Strategic Bitcoin Reserve after the bill to establish it reached its third reading.

Texas is moving quickly toward its own bitcoin reserve after lawmakers voted overwhelmingly in favor of the bill.

The bill to establish a strategic bitcoin reserve will now move to third reading, with pundits predicting smooth sailing.

Texas strategic bitcoin reserve reaches third reading after lopsided vote

Texas lawmakers have signaled a clear intent to pass a strategic bitcoin reserve into law for the Lone Star State.

According to an X-post by Scott Melker, the Texas Strategic Bitcoin Reserve bill has passed second reading in a decisive House vote.

Voting results during the bill’s second reading indicated broad bipartisan support for the bill.

A closer look at the bill's wording reveals plans to establish a state-run bitcoin reserve managed by the Texas Comptroller of Public Accounts.

SatoshiActFund CEO Dennis Porter revealed in an ex-post that the third reading for the Bitcoin Reserve Bill will be the next day.

If all goes as planned, the bill will head to the governor's desk for final approval and signing into law.

Texas is looking to join the growing list of US states that have signed the Strategic Bitcoin Reserve Bill.

Arizona and New Hampshire have signed into law a strategic bitcoin reserve, with more US states eager to join the train.

Back in March, US President Donald Trump signed an executive order for a national Bitcoin reserve, sparking a gold rush among states to establish their own versions.

Interest in state-backed Bitcoin holdings is soaring to frenzied levels

After Trump signed the Bitcoin Reserve into law, interest in the offerings has reached unprecedented levels.

Utah, Oklahoma, and Kentucky are moving forward with their own versions of the bill to join the industry's early movers.

A Ukrainian lawmaker has unveiled plans to introduce a strategic Bitcoin reserve bill, the first in the European Union.

However, the move has gained support from Binance, with the exchange poised to become a strategic partner for Ukraine's bitcoin ambitions.

Additionally, Conor McGregor has planned to launch an Irish strategic Bitcoin reserve for the European country.

As a result, the former UFC champion has met with the president of El Salvador, Nayeb Buquel, to plan a nationwide bitcoin collection.

Amid state-backed interest in Bitcoin reserves, the asset's price has risen to $106,000, a target for an all-time high.

#BTC #CryptoNewss #Market_Update #MarketSentimentToday #Reserve