Texas Makes History: First U.S. State to Allocate Public Funds into Bitcoin Reserve

Texas just rewrote the playbook for state treasuries—with a crypto twist.

The Lone Star State becomes the first government entity in the U.S. to park taxpayer money in Bitcoin, signaling a seismic shift in institutional adoption. No more tiptoeing around digital assets—this is full-throttle endorsement.

Wall Street’s gonna hate this one.

While pension funds still cling to their 60/40 portfolios, Texas just deployed the ultimate hedge against monetary debasement. The move comes as Bitcoin flirts with new all-time highs, leaving traditional assets in the dust.

Funny how the ‘barbarous relic’ narrative crumbles when a state treasury starts stacking sats. Maybe those ‘risk-on’ finance bros were the real gamblers all along.

Ohio Leads with Bitcoin Reserve Bill Ahead of Texas

In a broader legislative move, Ohio advanced its Bitcoin Rights Bill, known as House Bill 116, just one week ago. The bill authorizes public investment in Bitcoin and expands protections and payment options related to cryptocurrency.

Sponsored by Republican Representative Steve Demetriou, the bill seeks to protect the rights of digital asset holders and has now advanced to the full Ohio House of Representatives for debate and a vote.

Demetriou called the day of the vote a historic moment for the state, highlighting its role in promoting emerging technologies and strengthening financial independence for Ohioans. The unanimous 13-0 committee vote signals strong bipartisan support for establishing clear legal safeguards for digital asset users.

As states like Texas and Ohio continue to pioneer legislation around cryptocurrency, their efforts signal a growing recognition of digital assets’ role in the future economy. These moves could pave the way for broader adoption and regulatory frameworks across the U.S., shaping how governments engage with and support emerging financial technologies.

Read More

Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.