Texas Begins a New Era with Strategic Bitcoin Legislation
As of June 21, 2025, Texas became the second state in the US after New Hampshire to establish Strategic Bitcoin Legislation, after Governor Greg Abbott signed this historic law. This marks a significant step in the trend of cryptocurrency adoption following the 2024 elections.
The law, proposed by Senator Charles Schwertner, allows state investment in Bitcoin, which now exceeds a market capitalization of $1.8 trillion, as a strategy for diversification and inflation hedging. Abbott, a crypto supporter since 2021, aims to make Texas the "crypto capital" of the US, in line with his innovative vision.
This move also follows a national proposal to stockpile Bitcoin, which pushed prices to a record $108,000. The policy includes a biennial public report for transparency in ownership and management.