๐บ๐ธ Latest: Texas Governor does not sign SB 21 bill, but supports protecting Bitcoin reserves through HB 4488!
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๐๏ธ Details:
โ Governor Greg Abbott did not sign the SB 21 bill related to establishing an official Bitcoin reserve for the state of Texas
โ However, he approved HB 4488, which ensures the protection of this reserve as a permanent fund
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๐ What does this mean?
โ SB 21 will automatically become law this Sunday even without the governor's signature
โ Texas is paving the way to become the first U.S. state to have an official Bitcoin reserve
โ HB 4488 provides long-term legal cover for this move
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๐ Potential impact:
โ Strengthening Texas's role as a major hub for Bitcoin mining and storage
โ Encouraging other U.S. states to adopt similar policies
โ A strong signal for entrenching Bitcoin as a strategic asset within local governments
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โDo you think other states will follow Texas in creating Bitcoin reserves?
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