State-Level Bitcoin Adoption Grows as Texas Moves to Acquire $10M BTC
The post State-Level Bitcoin Adoption Grows as Texas Moves to Acquire $10M BTC appeared on BitcoinEthereumNews.com. The establishment of a “Texas Bitcoin Reserve” was among Lieutenant Governor Dan Patrick’s top priorities for the 2025 legislative session. With bipartisan support, Senate Bill 21 passed decisively in both the House and Senate, reflecting Texas’s strong commitment to BTC as part of its financial strategy. Bitcoin adoption by US states continues to gain momentum as Texas prepares to make a $10 million BTC purchase as part of its strategic Bitcoin reserves. Over the last weekend, State Governor Greg Abbott signed the Senate Bill 21 into law, while directing the state to launch its own Bitcoin reserves, and thus shall be using part of its main treasury towards this. Texas to Build A Publicly-Funded BTC Reserve Unlike Arizona and New Hampshire, which have passed similar legislation, Texas has gone a step further by actively funding its Bitcoin reserve. The state has allocated $10 million specifically for purchasing Bitcoin to establish the reserve. This makes Texas the first state with a publicly funded BTC reserve. Lee Bratcher, President of the Texas Blockchain Council, highlighted that the $10 million allocation accounts for just 0.0004% of the state’s budget. He emphasized that this move signals Texas’s commitment to embracing the digital future of finance, sending a strong message to investors and entrepreneurs. The establishment of a “Texas Bitcoin Reserve” was ranked among Lieutenant Governor Dan Patrick’s top 40 legislative priorities for the 89th regular session in 2025. It also underscores the state’s strong commitment to incorporating Bitcoin into its long-term financial strategy. Last month, the Texas House of Representatives approved Senate Bill 21 with a decisive 101-42 vote during its third reading, following bipartisan support. The bill had previously passed in the Senate with a 25-5 vote and cleared a concurrence vote on House amendments before being sent to Governor Abbott for final…
The post State-Level Bitcoin Adoption Grows as Texas Moves to Acquire $10M BTC appeared on BitcoinEthereumNews.com.
The establishment of a “Texas Bitcoin Reserve” was among Lieutenant Governor Dan Patrick’s top priorities for the 2025 legislative session. With bipartisan support, Senate Bill 21 passed decisively in both the House and Senate, reflecting Texas’s strong commitment to BTC as part of its financial strategy. Bitcoin adoption by US states continues to gain momentum as Texas prepares to make a $10 million BTC purchase as part of its strategic Bitcoin reserves. Over the last weekend, State Governor Greg Abbott signed the Senate Bill 21 into law, while directing the state to launch its own Bitcoin reserves, and thus shall be using part of its main treasury towards this. Texas to Build A Publicly-Funded BTC Reserve Unlike Arizona and New Hampshire, which have passed similar legislation, Texas has gone a step further by actively funding its Bitcoin reserve. The state has allocated $10 million specifically for purchasing Bitcoin to establish the reserve. This makes Texas the first state with a publicly funded BTC reserve. Lee Bratcher, President of the Texas Blockchain Council, highlighted that the $10 million allocation accounts for just 0.0004% of the state’s budget. He emphasized that this move signals Texas’s commitment to embracing the digital future of finance, sending a strong message to investors and entrepreneurs. The establishment of a “Texas Bitcoin Reserve” was ranked among Lieutenant Governor Dan Patrick’s top 40 legislative priorities for the 89th regular session in 2025. It also underscores the state’s strong commitment to incorporating Bitcoin into its long-term financial strategy. Last month, the Texas House of Representatives approved Senate Bill 21 with a decisive 101-42 vote during its third reading, following bipartisan support. The bill had previously passed in the Senate with a 25-5 vote and cleared a concurrence vote on House amendments before being sent to Governor Abbott for final…
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