The first 20 crypts to buy in May 2025texas are making news againand this Time is not energy or barbecue. State legislators voted to create a strategic bitcoin reserve, preparing the foundations for Texas to become the first in the United States officially keep Bitcoin as part of its financial strategy. The account has just passed in front of the house, and now he is waiting for a last stamp of approval, Governor Greg Abbott.
What’s in the account?
The bill, known as Bill 21 (SB 21), was approved by the Chamber of representatives of Texas with a vote from 101 to 42. He had already passed the Senate at the beginning of this year. The proposal is established a plan to create the reserve fund of the Bullion Texas deposit, that would allow The state of investing in bitcoin and other digital resources.
History: Texas passes the strategic reserve Bitcoin Bill SB 21 pic.twitter.com/6ozbbhchjega
– Bitcoin Laws (@bitcoin_laws) 21 May 2025
The bottom would do it supervise by the state controller and kept separate from Texas’ principal Treasure. The idea is to build a bitcoin pool that could act as a hedge during difficult economic moments. And it’s not a free for everyone, The invoice limits the activities to those with an average market capitalization of 24 months of at least $ 500 billion. It’s a long way to say: it is above all On Bitcoin.
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How it is financed
Funding for the Bitcoin Reserve may come from some different places. The state legislator could allocate money directly and Texans could contribute through private donations. There is a socket However, only Texas residents would be authorized to donate. That part was Actually taken At a certain point, but later the legislators returned it.
The bill also includes a system to maintain legislators and the public in the cycle. The controller should send a report every two years in detail Which activities holds the reservehow they are be managedWhat if one of It has been sold or retellated. An advisory committee would help to drive the strategy.
Because Texas wants a bitcoin reserve
Legislators behind the bill say that it is a question of preparing for a future in which Bitcoin and other digital resources play a bigger role in finance. The representative Giovanni Capriglione, one of the sponsors of the bill, defined him as a way to give Texas greater control over his financial stability.
Texas already has the reputation of a state suitable for bitcoins. It hosts large -scale mineral operations and has generally welcomed cryptocurrency companies with open arms. Adding Bitcoin to the state Own The budget might seem the next logical step.
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Other governments are also doing it
Texas is not the only one to think of Bitcoin in this way. New Hampshire approved its legislation on the Bitcoin reserve at the beginning of this year. At the federal level, President Trump signed an executive order in March which created a strategic bitcoin reserve using coins seized in criminal investigations.
So, while Texas may not be the first government entity to keep Bitcoin, it would do so decidedly Be the largest state in the United States to take the big step.
What happens later?
Now it is up to the Governor Greg Abbott. He has 20 days to sign the account in law or veto. Even if he said nothing specific on SB 21, Abbott supported Bitcoin and Blockchain innovation In the past. It suggests many people who are likely to give him green light.
If he does, Texas will not mining Bitcoin. Will keep it as well.
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Texas is on the right way to become the first state of the United States to keep Bitcoin, with a bill pending the final approval of the Governor Greg Abbott.
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The Senate 21 bill would create a Bitcoin Reserve Fund managed by the state, supervised by the controller and financed by state allocations or private donations.
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Only digital activities with an average market capitalization of 24 months of $ 500 billion or more, actually just bitcoin, would qualify for inclusion in the reserve.
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The bill includes the requirements of transparency, the mandate of the biannal relations on the participations and on the performance of the funds, together with the indications of an advisory committee.
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Texas joins a growing list of governments that explore Bitcoin reserves. This indicates a wider change towards the integration of cryptocurrency in public finance strategies.
Texas post approaches becoming the first state to keep Bitcoin appeared first out of 99 bitcoins.