Texas governor signals support for Bitcoin reserve bill

Quick Summary:

Texas was one of a handful of state-level governments that proposed setting up a strategic crypto reserve after the 2024 federal elections.   Related: Ukraine strategic Bitcoin reserve bill reportedly in final stagesOn May 6, New Hampshire Governor Kelly Ayotte was the first to sign a Bitcoin reserve bill into law.

The story pointed out that the decision for the passage of SB 21, the bill in question, now rests on Abbott’s shoulders, roughly three months after it was introduced. Since taking office, Abbott referred to himself as a “crypto law proposal supporter” in 2021 and suggested that he would support policies to establish Texas as a “crypto capital” in 2024.

Texas Governor Greg Abbott has signaled support for a bill recently passed by the state House of Representatives that would establish a strategic cryptocurrency reserve.

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Article Details

Author / Journalist: Cointelegraph by Turner Wright

Category: Crypto

Markets: United StatesUkraine

Topics: Abbott Texas Efforts Crypto Bitcoin Governor Reserve Posted Strategic Bill State

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-23 @ 22:24:33 (19 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 358 words

Reading Time: 2 minutes read

Sentences: 14 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 28929342

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