Texas Officially Protects Cryptocurrency Funds Through New Law
State Law on Bitcoin and Cryptocurrency Officially Recognized
Texas Governor, Greg Abbott, recently signed a law called Bill HB 4488. This ordinance aims to protect the Bitcoin reserve fund along with other cryptocurrency investments of the state. Previously, if the law had not been enacted, these assets might have been forced to be sold in 2025. Now, they are considered special assets and are no longer treated like the general budget. The clear message shows that Texas is committed to using and protecting cryptocurrency as part of the official financial plan.
Laying the Foundation for Texas Bitcoin Investment
Bill SB 21: Bitcoin – A Priority for Public Investment
While HB 4488 has become law, all attention is focused on Bill SB 21. This proposal allows Texas to directly invest in Bitcoin and cryptocurrencies with a market capitalization of over $500 billion. Currently, Bitcoin is the only suitable option, making it the number one candidate for the state's investment fund. Governor Abbott has until June 22 to sign or veto this bill. If no action is taken, SB 21 will automatically become law.
Bitcoin Investment: A Major Step Forward in Texas Cryptocurrency Policy
This bill reflects a turning point in the state's policy, aimed at making Bitcoin a part of the strategic reserve. Texas is gradually becoming a center for embracing cryptocurrency, enhancing the image of the state as a digital financial hub competing globally. This is a clear sign that lawmakers are serious about integrating cryptocurrency into the state's financial infrastructure.
The Inclusion Trend of Large Corporations and Investors
Fund managers from hedge funds to enterprises are stepping in
The voters of this policy also reflect global trends. Hedge fund executive, Mr. Eric Semler, well-known in the investment community, has clearly shown long-term support for Bitcoin. His company, Semler Scientific, has significantly increased its Bitcoin reserves. The market is witnessing an increasing number of investment funds, especially hedge funds, enhancing their exposure to cryptocurrency. Nearly half of large investment funds have shifted part of their portfolio to cryptocurrency, with Bitcoin playing a central role as a store of value asset during times of high volatility.
Texas Sends a Strong Message to the Cryptocurrency Market
Crypto protection policies and official investment trends
The enactment of HB 4488 sends a clear signal that Texas values the protection of its cryptocurrency reserve funds. If SB 21 comes into effect, the state could become one of the first state governments to directly invest in Bitcoin. This combination shows that Texas not only dares to dream big but also takes strong action, unhesitatingly bringing cryptocurrency into the public policy system. This is an opportunity for investors and international financial institutions to witness a positive shift, where cryptocurrency is no longer seen as something foreign, but has become a mainstream part of the U.S. financial ecosystem.
Summary:
Texas clearly demonstrates its determination to become a pioneering center in the field of cryptocurrency in the United States. Protecting Bitcoin reserve funds and planning direct investments in this digital currency opens up significant growth potential for the state's crypto market. Join today to seize the opportunity in the new digital era.
Source: https://tintucbitcoin.com/texas-ban-hanh-luat-bao-ve-du-tru-bitcoin/
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