Texas Signs Bill to Build Bitcoin Reserve, Ready to Buy $10 million BTC
2025-06-23 22:27:25
Texas Governor Greg Abbott has signed Senate Bill 21, formally establishing the nation's first publicly funded state-level bitcoin reserve. Texas will allocate $10 million to buy bitcoin, unlike Arizona and New Hampshire, which authorize only unfunded funds. The companion bill, HB 4488, also stipulates that the reserve cannot be misappropriated for general revenue.
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