💥Texas Leads the Adoption of Bitcoin as a State Reserve Asset

Texas has marked a historic milestone in the adoption of Bitcoin in the United States. Governor Greg Abbott has enacted law SB 21, which establishes a strategic reserve of Bitcoin for the state. This legislation allows the Texas comptroller to invest in cryptocurrencies with a market capitalization exceeding USD $500 billion, a requirement that only Bitcoin currently meets.

The initiative aims to protect Texas from inflation and economic volatility, recognizing Bitcoin as a financial safeguard. With this measure, Texas joins New Hampshire and Arizona at the forefront of adopting cryptocurrencies as state reserve assets, consolidating its leadership in the era of digital assets.