Texas Governor Greg Abbott Says Texas to Establish Strategic Bitcoin Reserve

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Texas Governor Greg Abbott posted on his official X government account the intention of Texas to establish a Strategic Bitcoin Reserve. Abbott reposted an article titled, “Texas Moves to Establish Strategic Bitcoin Reserve: A New Era in State Finance.”

If the SB 21 bill is signed by Abbott, Texas will become the third state to establish a Strategic Bitcoin Reserve. SB 21 was authored by Senator Charles Schwertner and sponsored by Representative Giovanni Capriglione. The bill passed the Texas House of Respresentatives with a vote of 101-42. SB 21 now awaits Governor Abbott’s signature to make the Texas SBR the law. The dominoes are starting to fall.

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