Texas Governor Greg Abbott has signed Bill SB 21, which integrates Bitcoin into the state’s legal framework, making Texas the third state in the US to establish an official Bitcoin reserve.
Bill SB 21 and Its Significance
Bill SB 21, signed by Governor Greg Abbott, incorporates Bitcoin into Texas's legal structure, allowing the state to establish an official reserve of the cryptocurrency. This marks an important step as Texas becomes the third state to take such measures.
Growing Interest in Digital Assets
According to the Bitcoin Laws platform, 47 strategic Bitcoin reserve bills have been introduced across 26 states, with 13 currently under active consideration at the federal level. This indicates a growing interest in digital assets nationwide.
Trump's Policies and Support for Cryptocurrencies
With Donald Trump's recent election in January 2025, there have been active efforts to create a more crypto-friendly environment. He signed an executive order on March 7, formalizing the establishment of a strategic Bitcoin reserve and defining a 'Digital Asset Stockpile'.
The signing of Bill SB 21 and Trump's policies towards cryptocurrencies highlight the increasing interest in digital assets and their potential integration into the legal framework of the United States.
