Top 20 crypto to buy in May 2025texas is in the headlines againAnd this Time is not about energy or barbecue. State legislators have voted to create a strategic Bitcoins reserve, preparing the stage for Texas to become the first in the United States. To maintain official bitcoin as part of its financial strategy. The bill has just passed through the house, and is now waiting for a final seal of Approval, Governor Greg Abbott.
What is in the invoice?
The bill, known as bill 21 of the Senate (SB 21), was approved by the Chamber of Representatives of Texas with a vote of 101 to 42. The Senate had already approved earlier this year. The proposal Presents A plan to create the Texas Linghes Deposit Reserve Fund, That would allow The State will invest in Bitcoin and other digital assets.
History: Texas passes the Bitcoin SB 21 reserve strategic bill pic.twitter.com/6ozbbhjega
– Bitcoin laws (@bitcoin_laws) May 21, 2025
The background would do so Be supervised by the state competitor and maintained from Texas’ major Treasury. The idea is to build a Bitcoin group that can serve as a coverage of difficult economic times. And it’s not a Free-for all, The bill limits assets to one with an average market capitalization of 24 months of at least $ 500 billion. That is a long way of saying: it is Mostly About Bitcoin.
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How it is founded
The financing for the Bitcoin reserve could come from several different places. The state legislature could assign money directly, and the fabrics themselves could number us through private donations. There is a trap I thought, alone Texas residents could donate. That part was current tasks Outside the bill at a time, but legislators later collect it.
The bill also includes a system to keep legislators and the public aware. The comptroller would need to send a report every two years detailing What assets does the reservation haveas they are Being administeredAnd if any of he It has been sold or performed. An advisory committee would help guide the strategy.
Why Texas wants a Bitcoin reserve
Legislators behind the bill say that it is about preparing for a future where Bitcoin and other digital assets play a Paper in finance. The representative Giovanni Capriglione, one of the sponsors of the bill, has framed it as a way of giving Texas more control over financial stability.
Texas already has a reputation as a friendly state for Bitcoin. It is the home of large -scale mining operations and has generally welcomed cryptographic companies with open arms. Add Bitcoin to the State own The general balance may seem the next logical step.
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Other governments are also doing it
Texas is not just thinking of Bitcoin in this way. New Hampshire approved his own Bitcoin reserve legislation earlier this year. At the federal level, President Trump signed an executive order in March that created strategic currencies of the Bitcoins Reserve in criminal investigations.
So, although Texas may not be the first government entity to maintain Bitcoin, I would do so definitely Be the largest state in the United States to take lunch.
What happens later?
Now it depends on Governor Greg Abbott. He has 20 days to sign the bill or veto it. While he said something specific about SB 21, Abbott has supported Bitcoin and Blockchain Innovation In the past. It makes many people think it is likely to give it green light.
If he does, Texas won just being undermining Bitcoin. He will hold it also.
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Key control
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Texas is on the way to becoming the first state of the US. In having Bitcoin, with a bill pending the final approval of Governor Greg Abbott.
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The Senate bill 21 would create a Bitcoin reserve fund managed by the State, supervised by the comptroller and funded by state assignments or private donations.
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Only digital assets with an average market capitalization of 24 months of $ 500 billion or more, effectively only Bitcoin, would qualify for inclusion in the reserve.
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The bill includes transparency requirements, which requires biannual reports on fund holdings and performance, together with the orientation of an advisory committee.
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Texas joins a growing list of governments that explore Bitcoin reserves. This indicates a broader change towards the integration of cryptography in public finance strategies.
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