Texas on Track to Establish Bitcoin Reserve
Texas is set to become the third state to create a strategic Bitcoin reserve, according to Lee Bratcher, founder and president of the Texas Blockchain Council.
Bratcher said that he expects Governor Greg Abbott to sign the bill into law if it passes the state legislature. By Wednesday, Texas lawmakers had overwhelmingly approved Senate Bill 21, allowing the establishment of a Bitcoin reserve.
While Bratcher refrained from making predictions about Governor Abbott’s decision, he expressed confidence. “I’ve spoken with the governor, and I believe he supports Texas leading in this area,” Bratcher said. “However, the final decision is his.”
If signed, the bill, anticipated to be on the governor’s desk in the next “week or two,” would make Texas the third state to implement such a reserve, following New Hampshire and Arizona. In March, President Trump signed an executive order to form a “Strategic Bitcoin Reserve.”
