Bitcoin Enters American Institutions: Texas Leads the Bold Digital Transformation.
In a pioneering move, Texas has become the first U.S. state to recognize Bitcoin (BTC) as legal tender for transactions in certain areas. According to the new law passed by the state council, citizens and businesses can now use Bitcoin to pay taxes, enter into contracts, and conduct certain commercial transactions.
Key updates of the decision:
Location: Texas
Date: May 2025
Main provisions:
Official recognition of Bitcoin as a tradable financial asset, with the possibility of using it for certain government services. In addition to support for digital infrastructure to facilitate cryptocurrency transactions.
Motivations: Attracting investments, strengthening the independence of the local financial system, and keeping pace with global digital transformation.
This decision by Texas could pave the way for broader adoption of Bitcoin in other states and enhance the position of digital currencies in the future American economy.
