The state of Texas is close to establishing a "strategic Bitcoin reserve".
The bill (SB 21) has passed the second reading in the House and is awaiting the governor's approval to become law. This law aims to allow the state of Texas to invest in Bitcoin (BTC) and manage it as a strategic asset to enhance its financial resilience and hedge against inflation and economic volatility.
If enacted, Texas will be the first U.S. state to officially hold Bitcoin in its reserves, potentially paving the way for other states to explore similar legislation.
