🚨 Texas Moves to Establish Strategic Bitcoin Reserve
On May 22, 2025, Texas Governor Greg Abbott signaled his support for Senate Bill 21 (SB 21), legislation aimed at creating a state-managed Bitcoin reserve. The bill, which passed the Texas House with a 101–42 vote, proposes holding Bitcoin in cold storage for at least five years to diversify the state's assets and bolster economic resilience.
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If signed into law, Texas would become the second U.S. state, after New Hampshire, to establish a Bitcoin reserve. This move aligns with federal initiatives, including President Trump's March executive order to create a national Strategic Bitcoin Reserve.
Key Points:
· SB 21 passed the Texas House with a 101–42 vote.
· Governor Abbott has expressed support for the bill.
· The reserve aims to hold Bitcoin in cold storage for at least five years.
· Texas would be the second state to implement such a reserve.
POLL: Should more states consider establishing Bitcoin reserves?
· ✅ Yes, it's a forward-thinking strategy.
· ❌ No, it's too risky.
· 🤔 Depends on the state's financial position.
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