Texas Joins Growing Movement with Strategic Bitcoin Reserve Bill
Texas has become the third U.S. state to pass legislation aimed at creating a strategic Bitcoin reserve, following in the footsteps of New Hampshire and Arizona. The bill, SB-21, successfully cleared the Texas House with a decisive 101-42 vote after previously gaining Senate approval in March 2025. While the bill still requires final Senate confirmation of House amendments before reaching the governor’s desk, this development marks a significant step forward in the state’s embrace of cryptocurrency. The timing of this legislative move is particularly noteworthy given current market dynamics, with Bitcoin’s price standing at 109,026.90 USDT as of May 22, 2025. This strategic reserve initiative reflects growing recognition of Bitcoin’s potential as a store of value and highlights Texas’ position at the forefront of cryptocurrency adoption among U.S. states. The passage of SB-21 could potentially influence other states to consider similar measures, further integrating digital assets into government financial strategies.
Texas Becomes 3rd U.S. State to Pass Strategic Bitcoin Reserve Bill
Texas has advanced legislation to create a strategic Bitcoin reserve, joining New Hampshire and Arizona as the third state to pass such a measure. The bill, SB-21, cleared the House with a 101-42 vote after Senate approval in March 2025, though it requires final Senate confirmation of House amendments before reaching the governor’s desk.
Market dynamics underscore the timing of this move. On-chain data reveals a bitcoin supply shock is fueling bullish sentiment, suggesting growing institutional recognition of crypto’s strategic value. The legislative push reflects Bitcoin’s evolving role in state-level treasury management across the U.S.
Why This Trader Changed His Stance On Bitcoin Price After $118K Prediction
Bitcoin’s approach to its all-time high has drawn scrutiny toward whale activity, with top traders like James Wynn under the microscope. Wynn, known for executing an $830 million single trade—the largest on record—previously forecasted a bullish $118,000 BTC price target. His recent pivot to a sizable short position, however, signals a potential shift in sentiment.
Whale movements often serve as market bellwethers, and Wynn’s actions suggest growing caution despite earlier optimism. The divergence between his earlier prediction and current positioning underscores the fluid dynamics of crypto markets, where institutional-scale players can swiftly alter their outlooks.
Pakistan Launches Digital Asset Authority to Regulate Crypto, Targeting $25B Market
Pakistan has established the Pakistan Digital Assets Authority (PDAA) to oversee the regulation of cryptocurrencies and related digital assets. The new regulatory body will manage Bitcoin, stablecoins, tokenized assets, and decentralized finance (DeFi) platforms.
The move comes as Pakistan’s informal crypto market is estimated at $25 billion, signaling a strategic shift toward formalizing digital asset oversight. The PDAA’s creation reflects growing institutional recognition of cryptocurrency’s economic potential.
Bitcoin Reenters Price Discovery—How High Will It Go?
Bitcoin surged to a record $109,565 on Wednesday, marking a dramatic recovery from its April lows near $75,000. The rally reflects renewed investor confidence as geopolitical tensions ease, with former President TRUMP shifting toward trade negotiations over tariffs.
Market analysts anticipate further upside, with price targets ranging from $200,000 to speculative highs. The rebound underscores Bitcoin’s resilience amid macroeconomic shifts, though volatility remains a hallmark of crypto markets.
Bitcoin Policy Institute Urges US to Champion BTC Infrastructure Leadership
The Bitcoin Policy Institute has unveiled a strategic framework advocating for US dominance in Bitcoin infrastructure. The 21-page manifesto, authored by BPI’s Head of Policy Zack Shapiro, positions Bitcoin as a multifaceted asset—encompassing financial, technological, and energy dimensions.
Three Core pillars define the proposal: embedding Bitcoin into national economic strategy, providing legal clarity for developers, and reimagining mining within energy policy. "This isn’t just regulation—it’s a blueprint for American sovereignty in the digital age," Shapiro’s document asserts, avoiding technical jargon for policy-ready language.
While exclusively focused on Bitcoin (BTC), the framework’s implications Ripple across crypto markets. Exchange-traded products on platforms like Coinbase and Binance could see structural impacts from such policy shifts. The absence of altcoin mentions underscores Bitcoin’s continuing primacy in regulatory dialogues.
