Forever the first! June 23, 2025 signed by Texas Governor Greg Abbott Law The bill of the Senate 21 (SB21), State Permission You want to create a bitcoin reserve worth $ 10 million. Thanks to this decision, Texas is the first US state to set up such a reserve, which means a significant step in taking cryptocurrencies by government entities.
- Texas caused a sensation by becoming the first US state to establish a Bitcoin reserve worth $ 10 million.
- This courageous initiative reflects the growing acceptance of cryptocurrency by governments, which means shifting paradigm in finance.
Bitcoin: Reserve $ 10 million for Texas
Law SB 21signed by Governor Abbott, therefore allows Texas to create a bitcoin reserve different from his Main cash flow. This reserve will be financed from the budget $ 10 millionan amount that represents only 0.0004 % of the state budget but which has a strong power symbolic ::
” This decision sends a strong signal to investors and entrepreneurs that Texas understands that the future of finance is digital »»
Lee Bratcher, President Texas Blockchain Council – Source: Coindesk
Besides Act Sb 21Governor also signed the law HB 4488protect Bitcoin reserve Against the transfers of routine funds for general income of the state. This ensures that this reserve will only be used for specific purposes and will not be affected by conventional budgetary fluctuations.
Growing acceptance of cryptocurrencies by American states
The Texas It is not the only American state to explore the idea of reserves in cryptocurrencies. L ‘Arizona and New Hampshire have also adopted similar legislation but Lone Star State He is the first to actively assign funds to buy Bitcoins.
This trend is in a wider context where states begin Consider digital assets Not only as speculative tools, but as sovereign financial tools that deserve to be held on long -term.
The decision in Texas comes several months after Trump’s administration announced the creation of a national cryptocurrency reserve, funded by neutral budgetary means such as the seizure of cryptographic assets or the problem of cryptopoint bonds. However, the national reserve has not yet been implemented, which is done by Texas Pioneer in this area.
(Tagstotranslate) Bitcoin Treasury (T) United States (US) (T) Institutional