Texas Governor Greg Abbott supports a bill to create a strategic Bitcoin reserve, awaiting his signature after passing the House. This aligns with his vision of Texas as a ‘crypto capital.’ Other states, like New Hampshire and Arizona, have also moved to establish their own crypto reserves, amid a broader trend across the country.
In an exciting twist for cryptocurrency enthusiasts, Texas Governor Greg Abbott has thrown his weight behind a bill that aims to set up a strategic Bitcoin reserve in the state. This bill, formally known as SB 21, was given the green light by the Texas House of Representatives and now waits for Abbott’s signature. On May 22, Abbott shared a Techstory article about these legislative movements on X, thrusting the spotlight back onto the potential of Bitcoin in Texas.
Texas is stepping into the cryptocurrency arena with potential legislation that could establish a state-run Bitcoin reserve. Governor Abbott’s newfound support for this bill hints at a larger ambition for Texas to become a crypto powerhouse. Meanwhile, other states are moving quickly, making decisions that could reshape the national landscape for digital assets. As the federal level remains unpredictable, Texas seems poised for a crypto revolution. Abbott’s backing draws attention as the world watches how Texas might navigate the complexities of crypto legislation. With the bill now resting in his hands, all eyes are on the governor to see what could unfold as the state aims to position itself as a leading hub for digital currency.
Original Source: cointelegraph.com
