Texas Approves Strategic Bitcoin Reserve Bill
22/05/2025
One more state has passed Senate Bill 21, authorizing the creation of a strategic Bitcoin reserve. The bill passed by a wide margin (101–42) and now awaits Texas Governor Greg Abbott’s signature. If enacted, Texas would become the first U.S. state to integrate Bitcoin into its treasury reserves formally.
What is the bill about?
- Establishment of a dedicated fund to hold Bitcoin in cold storage for a minimum of five years.
- Use of Bitcoin as a strategic asset to diversify Texas’s state portfolio.
- Support for crypto infrastructure and innovation across the financial sector.
Implications for Business
As Texas takes this step, it sets a precedent that could influence other states. Businesses operating in the digital economy may seek tools that enable seamless and compliant crypto integration.
Some have already adopted multi-asset gateways that help accept fiat and digital currencies. Considering the fast and progressive development of the crypto field, these companies might become leaders very soon.
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