Texas Becomes First State to Back Bitcoin with Sovereign Funds

[kevin1]

Texas has officially established a Strategic Bitcoin Reserve, putting state funds behind Bitcoin for the first time in the U.S. Governor Greg Abbott signed the law in June, allowing the state to hold other cryptocurrencies in the future.

State Senator Charles Schwertner said Ethereum could be added if it maintains a market capitalization of $500 billion over 24 months. Unlike similar laws in Arizona and New Hampshire, Texas is using taxpayer money directly to fund its reserve.

#Crypto #Bitcoin #Texas #Blockchain

[alex10]

A groundbreaking move — sovereign investment in Bitcoin validates its global financial role.

[kelson10]

Texas just made history by blending traditional finance with crypto sovereignty.