AlfredRR
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Texas Reserve Bill may bring billions in incremental funds, helping BTC reach new all-time highs?!
On May 21, Texas Bitcoin Reserve Bill SB21 passed the House in the third reading and is awaiting the governor's signature. If successfully signed, it will bring billions in purchasing power and long-term strategic impact to $BTC .
My judgment on the follow-up to this bill is that the probability of passing is as high as 90%.
About the ticket type:
Senate third reading vote 25:5, passed with high support.
House third reading vote 101:42, passed with high support.
About the governor: The governor is a Republican and crypto-friendly.
Governor Greg Abbott is a Republican who has served as governor since 2015 and has been re-elected multiple times. He stated that Texas should become a 'leader in cryptocurrency'; he has supported several bills related to cryptocurrency and blockchain, such as the bill passed in 2021 that recognized the legal status of cryptocurrency and promoted the development of blockchain technology. Texas has now become an important hub for Bitcoin mining and blockchain companies, partly due to Abbott's government policies, such as low taxes and a relaxed regulatory environment.
My judgment on the follow-up to this bill is that the probability of passing is as high as 90%.
About the ticket type:
Senate third reading vote 25:5, passed with high support.
House third reading vote 101:42, passed with high support.
About the governor: The governor is a Republican and crypto-friendly.
Governor Greg Abbott is a Republican who has served as governor since 2015 and has been re-elected multiple times. He stated that Texas should become a 'leader in cryptocurrency'; he has supported several bills related to cryptocurrency and blockchain, such as the bill passed in 2021 that recognized the legal status of cryptocurrency and promoted the development of blockchain technology. Texas has now become an important hub for Bitcoin mining and blockchain companies, partly due to Abbott's government policies, such as low taxes and a relaxed regulatory environment.
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