Texas Governor Passes Bill to Protect Bitcoin Reserves, SB21 Bill Pending
According to Deep Tide TechFlow, Texas Governor Greg Abbott has passed House Bill 4488, which protects Bitcoin reserves in state government funds from being included in general revenue and exempts them from the obligation to automatically dissolve in 2025.
Texas Governor Greg Abbott has not yet decided on Senate Bill 21 (SB21), which would authorize the state to invest in Bitcoin and other cryptocurrencies with a market value of at least $500 billion. Currently, only Bitcoin meets this standard. Greg Abbott must sign or veto the bill by June 22.
