Texas approves Bitcoin reserve law—just awaiting governor's signature
The U.S. state of Texas has passed the proposal 'Texas Strategic Bitcoin Reserve and Investment Act'.
The American state of Texas has passed the proposal “Texas Strategic Bitcoin Reserve and Investment Act.” This law would allow the state to invest in Bitcoin and hold BTC as a strategic reserve.
With this move View post on X Texas positions itself as the first U.S. state with a legally codified Bitcoin reserve, a strong political signal for financial sovereignty and securing digital resources. The only step left before the law officially takes effect is the signature of the Texas governor. Given the broad support so far, that signature is expected to come soon.
Earlier, Arizona tried to take a similar step by codifying that the state may own Bitcoin. Two crucial bills that would have enabled actual purchases were blocked. In Florida, there was also broad support for similar initiatives, but they stalled in the legislative process and never faced a vote.
If the Texas governor signs it, the state would formally become the second in the U.S. to actively invest in Bitcoin. It’s a symbolic but important step in the political acceptance of crypto in the United States.
New Hampshire has beaten Texas to the punch. A few weeks ago, a law went into effect allowing up to five percent of the general state fund to be invested in precious metals and cryptocurrencies with a market cap over $500 billion, a category currently including only Bitcoin.
Meanwhile, Bitcoin continues to rise: over the last 24 hours the price is up about 4%, with BTC hitting a new all-time high of $109,500. With a market cap of $2.17 trillion, Bitcoin sits at fifth place among the most valuable assets globally, just above Amazon and right behind Apple.
