TEXAS IS THE 3RD STATE THROUGH RESERVE $BTC
Texas Governor Greg Abbott has signed Senate Bill 21 (SB 21) into law, establishing the Texas Strategic Reserve Fund #bitcoin .
- This makes Texas the third state in the United States (after Arizona and New Hampshire) to adopt a state-managed Bitcoin reserve fund.
- The details of SB 21, also known as the Texas Strategic Bitcoin Reserve and Investment Act, allow the Texas Comptroller to manage a special fund to invest in Bitcoin and other cryptocurrencies with a market capitalization over 500 billion USD.
- Currently, only Bitcoin meets this criterion. The fund may be financed through a budget provided by the legislature, specialized revenue sources, and investment profits, although the provision for private donations was removed in the final version.