Texas Senate Approves Bill to Establish a Bitcoin Reserve
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Texas is betting big on Bitcoin. The state’s Senate Bill 21, now advancing through the legislature, would create the nation’s first state-level Bitcoin reserve, allowing Texas to hold BTC in its treasury.
“This puts Texas at the forefront of the cryptocurrency revolution,” says Bitcoin expert Pierre Rochard.
The move comes as part of a growing trend, with Arizona simultaneously enacting laws to stake abandoned crypto.
Could this be the start of a state-level crypto arms race? One thing’s clear: the battle for crypto supremacy is moving from Silicon Valley to state capitols.
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