šØ Texas Governor Signs Bill to Safeguard Stateās Bitcoin Reserves šŖšŗšø
Governor Greg Abbott has officially signed House Bill 4488, a key piece of legislation that protects certain state government funds ā including off-treasury Bitcoin reserves ā from being lumped into general revenue. That means these funds, including any BTC holdings created outside the treasury, wonāt be forced to dissolve automatically in 2025 like other temporary funds.
But the spotlight now shifts to a much bigger move: Senate Bill 21 (SB21). This bill would allow Texas to invest in Bitcoin and other crypto assets ā but only those with a market cap over $500B. Right now, that list includes just one name: Bitcoin.
Abbottās got a deadline: June 22. Thatās the final day he can either sign or veto SB21, since the bill hit his desk on June 1, right at the tail end of the legislative session.
This could set the tone for Texas as a crypto-forward state ā or show hesitation at the edge of full-on adoption.
š Mark your calendars.
š All eyes on Abbott.
š Only Bitcoin makes the cut (for now).