Texas Makes History: SB 21 Signed Into Law, Creating Third State-Backed Bitcoin Reserve
Texas just flipped the script on traditional finance—again. Governor Greg Abbott's pen turned SB 21 into law today, catapulting the Lone Star State into the crypto big leagues with its third state-backed Bitcoin reserve. Move over, gold—digital assets just got a sovereign stamp of approval.
Why it matters: While Wall Street hedgies argue over ETF fees, Texas is quietly stacking SATs. The legislation greenlights treasury holdings in BTC, effectively creating a $1B+ public-sector HODL strategy (disclosure: actual reserve size TBD—politicians still love round numbers).
The kicker? This isn't some crypto-anarchist fantasy. It's a calculated play by energy-rich Texas to leverage its mining infrastructure into monetary policy. Next stop: Petro-yuan who? Petro-SATS are coming.
Cynic's corner: Because nothing says 'fiscal responsibility' like volatile assets in government hands—except maybe that time California issued IOUs. But hey, at least Texas won't need to print 'em when they can just mine.
Texas, a state in the US, has now become the third state to pass a bill i.e SB 21, which establishes a nationwide strategic Bitcoin reserve after the state governor. Read More
