TEXAS SIGNS STRATEGIC BITCOIN RESERVE BILL INTO LAW

Summary from the TLDR Crypto newsletter

Texas became the third state to establish a strategic Bitcoin reserve after Governor Greg Abbott signed SB 21 into law, creating a stand-alone, publicly funded fund managed by the Texas Comptroller of Public Accounts. The companion HB 4488 shields the reserve from periodic treasury fund-sweeps and ensures its legal existence even if no BTC is purchased by next summer. Industry observers, including the Texas Blockchain Council, anticipate the state investing tens of millions of dollars into the fund.