Texas House Passes Strategic Bitcoin Reserve Bill in Second Reading, Awaits Governor's Signature for Final Approval
ByAinvest
Wednesday, May 21, 2025 4:20 am ET1min read
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Texas House passes SB 21, a bill proposing a state-run Bitcoin reserve. The bill aims to diversify state holdings and provide an inflation hedge. It awaits governor's signature for final approval. If signed into law, Texas will be the first US state to formally incorporate Bitcoin into its financial reserve strategy. This move could set a precedent for other states.
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