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Texas has taken a bold step in cryptocurrency adoption by establishing a publicly funded Bitcoin reserve. Governor Greg Abbott signed Senate Bill 21 into law, allocating $10 million from the state treasury to purchase BTC. This move positions Texas as a leader in state-level Bitcoin integration.
- Texas allocates $10 million from state treasury to establish first publicly funded Bitcoin reserve in the U.S.
- Senate Bill 21 passed with overwhelming bipartisan support (101-42 House vote, 25-5 Senate vote).
- Move comes amid growing institutional BTC adoption, with states and corporations building reserves as hedge against fiat concerns.
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