Texas Governor Greg Abbott has signed SB 21, establishing a Bitcoin reserve fund, making it the third state to do so after Arizona and New Hampshire.
Texas Governor Greg Abbott signed Senate Bill 21, creating a Bitcoin reserve fund outside the state treasury, making Texas the third state to establish such a reserve. This fund will be managed by the Texas Comptroller and is designed to be insulated from regular state fund transfers. The legislation ensures the reserve's legality even if no Bitcoin is purchased by next summer, reflecting a growing trend of institutional adoption of Bitcoin as a financial asset.