In May 2025, Texas made a historic move by approving the law to create a strategic Bitcoin reserve (SB21). The bill, which passed the House of Representatives and the state Senate, awaits the governor's signature by June 22, 2025. If signed, Texas, the second most populous state in the U.S., will officially recognize $BTC as a reserve asset, which could set a precedent for other states and countries.
An initiative supported by the non-profit organization Satoshi Action Fund aimed at protecting the state's financial system from inflation and positioning Texas as a leader in financial innovation. The bill allows the state government to invest in Bitcoin, holding it as a strategic asset. This decision reflects the growing trust in Bitcoin as 'digital gold' and its potential for economic stability.
Texas is not the first to consider Bitcoin reserves. New Hampshire has already allowed investments in cryptocurrencies, and Arizona and other states are preparing similar initiatives. At the federal level, Senator Cynthia Lummis is also promoting the 'Bitcoin Bill of 2024.'
This move by Texas could drastically change the perception of cryptocurrencies globally, enhancing their legitimacy. Stay updated on the world of cryptocurrencies and mining by subscribing to #MiningUpdates !
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