Texas signs a bill to establish a Bitcoin reserve, preparing to buy $10 million in Bitcoin

2025-06-24 07:57:17

Collection

ChainCatcher news, according to Coindesk, Texas Governor Greg Abbott has signed Senate Bill No. 21, officially establishing the first state-level Bitcoin reserve in the United States supported by public funds. Texas will allocate $10 million for the purchase of Bitcoin, distinguishing it from Arizona and New Hampshire, which only authorized but did not fund such initiatives. The accompanying bill HB 4488 also stipulates that the reserve cannot be diverted for general revenue purposes.

(Source Link)

Risk warning

Related tags

Texas Bitcoin Reserve

U.S. Cryptocurrency Legislation and Policy Trends

The U.S. Congress is reviewing several bills related to cryptocurrency, aimed at clarifying the legal status and regulatory framework of cryptocurrencies. Meanwhile, regulatory agencies such as the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are also actively issuing guidance and regulatory measures to ensure the transparency and legality of the cryptocurrency market. This topic will track these developments.

Topic or theme