[Texas Signs Bill to Establish Bitcoin Reserve, Preparing to Purchase $10 Million in BTC] Texas Governor Greg Abbott has signed Senate Bill No. 21, officially establishing the first state-level Bitcoin reserve in the United States supported by public funds. Texas will allocate $10 million for the purchase of Bitcoin, differing from Arizona and New Hampshire, which only authorized without funding. The accompanying bill HB 4488 also stipulates that the reserve cannot be diverted for general fiscal revenue.
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Texas has signed a bill to establish a Bitcoin reserve, preparing to buy $10 million BTC.
[Texas Signs Bill to Establish Bitcoin Reserve, Preparing to Purchase $10 Million in BTC] Texas Governor Greg Abbott has signed Senate Bill No. 21, officially establishing the first state-level Bitcoin reserve in the United States supported by public funds. Texas will allocate $10 million for the purchase of Bitcoin, differing from Arizona and New Hampshire, which only authorized without funding. The accompanying bill HB 4488 also stipulates that the reserve cannot be diverted for general fiscal revenue.