Texas Governor Greg Abbott has signed Senate Bill 21 (SB21), which establishes the Texas Strategic Bitcoin Reserve, marking the state as the first in the U.S. to allocate public funds specifically for Bitcoin. This reserve is intended to manage Bitcoin as a long-term asset to enhance the state's financial resilience and potentially hedge against inflation. It operates independently from Texas' general treasury and is managed by the Texas Comptroller of Public Accounts, advised by a committee of crypto investment professionals. The reserve is limited to assets with a market cap over $500 billion, currently met by Bitcoin alone. In addition to direct acquisitions, it can grow through methods like forks and donations. This move follows the signing of House Bill 4488, securing the reserve from being merged into the state’s general revenue. With this initiative, Texas distinguishes itself from other states that have also enacted Bitcoin reserve regulations but have not committed public funds in the same manner.

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