Listen, the interesting news is that on June 21, 2025, Texas Governor Greg Abbott signed SB 21 into law, which launches the so—called Texas Strategic Bitcoin Reserve. This means that Texas will now officially start buying and storing bitcoins as a financial reserve, as previously only two states — Arizona and New Hampshire - did. So Texas is now third on this list.
That's how it's going to work. This fund will be managed by the Controller of Public Accounts, not the Ministry of Finance, but by a separate body. Money for bitcoins will be taken from various sources: budget allocations, donations in cryptocurrency, special fees, and investment income. At the same time, the law clearly regulates how to buy, store and sell digital assets so that there is no self-activity and risk.
But that's not the only trick. The law has a rule built into it: you can only buy cryptocurrencies with a market capitalization of over $500 billion over the past 12 months. In fact, this now means that the fund will focus almost exclusively on bitcoin — it is the only one that meets this criterion. So the state insures itself against investments in unstable or hype tokens.
Interestingly, the path to the adoption of this law was not quite straight. The bill was reviewed, control mechanisms and restrictions were added to prevent speculative use of state funds. In addition, Texas passed another law last year, HB 4488, which prohibited the transfer of money set aside for a reserve in bitcoin to the general budget. That is, the foundation has already been laid in advance.
Proponents of this idea say that the digital reserve will protect against inflation, make the state's finances more stable and allow Texas to be at the forefront in the field of digital assets.
Now I'm thinking: Is this a real step towards a new economy or just a political move to look progressive? What do you think about it?
