Historic Moment! Texas is about to pass the "Bitcoin Gold Reserve" bill, the first official BTC reserve in the U.S. is about to be born!

The cryptocurrency sector is welcoming a milestone moment: The Texas "Bitcoin Gold Reserve Act" has passed a vote in the state legislature and is awaiting the governor's signature. Once effective, Texas will become the first state in the U.S. with an official Bitcoin reserve.

On May 20, the bill passed with a high vote of 101 in favor and 42 against. The bill authorizes the state government to establish the "Texas Strategic Bitcoin Reserve" fund, managed by the state auditor, and clearly states that only digital assets with a market value exceeding $500 billion for 12 consecutive months can be included in the reserve, with Bitcoin being the only eligible asset.

The bill covers mechanisms such as multi-signature wallet storage, mandatory disclosure reports every two years, and acceptance of public donations, with an initial plan to invest $500 million annually. As a major hub for cryptocurrency mining in the U.S., this legislation represents another significant breakthrough for Texas in embracing digital assets.

Previously, New Hampshire had already taken the lead in establishing a state-level Bitcoin reserve, and at the federal level, Trump has also pushed for the establishment of a national strategic reserve. If Texas successfully implements this, it may prompt more states to follow suit, reshaping the global cryptocurrency official reserve landscape.