• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Texas Strengthens Its Position in the Crypto Industry by Creating a Bitcoin Reserve

user avatar

by Giorgi Kostiuk

3 hours ago

Texas Governor Greg Abbott has signed a law to create a strategic Bitcoin reserve, highlighting the state's aim to lead in digital assets.

Governor Abbott Signs the Law

Governor Greg Abbott sanctioned the establishment of Bitcoin reserves under Senate Bill 21. This marks Texas's growing interest in cryptocurrencies.

Structure and Funding of the Reserve

The Bitcoin reserve will be funded through voluntary donations and legislative provisions. Asset management will occur outside the treasury under market cap conditions.

Impact on the Bitcoin Market

Creation of the reserve is expected to influence Bitcoin's market perception and may attract institutional investors, reinforcing trust in Bitcoin as a reserve asset.

Establishing a Bitcoin reserve in Texas could be a pivotal step towards integrating cryptocurrencies into state-level financial strategies, potentially increasing interest and investment in digital assets.

0

Share

Other news

Garden Finance: Founder Responds to Bybit Hack Allegations

The founder of Garden Finance has responded to ZachXBT's allegations of ties to cyber attacks. Controversial points and new information from the crypto world.

user avatarGiorgi Kostiuk

2 minutes ago

4 Best Long-Term Cryptos to Watch: BlockDAG, Toncoin, Sui, and Cardano

Overview of four cryptocurrencies worth watching: BlockDAG, Toncoin, Sui, and Cardano, analyzing their potential.

user avatarGiorgi Kostiuk

3 minutes ago

Overview of Four High-Potential Cryptos for 2025

Exploring four cryptocurrencies gaining attention in 2025, including BlockDAG, Dogecoin, Hyperliquid, and PEPE.

user avatarGiorgi Kostiuk

3 minutes ago

Cryptocurrency Market Q2 2025: Prospects for XRP, AVAX, and Dogecoin

Analysis of changes in the cryptocurrency market in Q2 2025, focusing on XRP, AVAX, and Dogecoin.

user avatarGiorgi Kostiuk

3 minutes ago

Bitcoin in Corporate Treasuries: $1.24 Billion Investment

Between June 16 and 20, 18 companies added $1.24 billion in Bitcoin, reflecting growing interest in cryptocurrencies.

user avatarGiorgi Kostiuk

8 minutes ago

UK's Proposed Legislation on Cryptoassets: A Step Towards Enhanced Regulation

The UK announces new legislation to regulate cryptoassets, aiming to catch up with US and EU frameworks.

user avatarGiorgi Kostiuk

13 minutes ago

dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.