Texas House Greenlights Bitcoin Reserve Plan—State Inches Toward Crypto Sovereignty
Lone Star lawmakers just took a big step toward turning Texas into a Bitcoin powerhouse. The state House passed a bill that could establish the nation’s first government-backed strategic Bitcoin reserve—because apparently, the Fed’s money printer wasn’t reckless enough inspiration.
From oil barrels to Satoshis
If the Senate follows suit, Texas would start stockpiling BTC alongside its crude reserves. Talk about hedging your bets—when the petrodollar collapses, at least they’ll have memecoins to fall back on.
Wall Street won’t like this
The move threatens to bypass traditional financial gatekeepers entirely. No banks, no ETFs—just good old-fashioned HODLing at the state level. Goldman Sachs analysts are already drafting angry tweets.
One thing’s certain: when the next crypto winter hits, Texas bureaucrats will finally understand why we call it ’cold storage.’