Texas Joins Growing List of US States With Bitcoin Reserves
In brief
Senate Bill 21 and House Bill 4488 were signed into law, enabling and protecting the Bitcoin reserve fund.
Only digital assets with a 24-month average market cap of $500B qualify, limiting it to Bitcoin for now.
The reserve will be managed by the Comptroller with advisory oversight and strict custody rules.
Texas has officially opened its state-managed fund for Bitcoin, with Governor Greg Abbott signing Senate Bill 21 into law Friday, establishing the state's Strategic Bitcoin Reserve a...
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