Texas Goes Full Crypto: Bitcoin Reserve Bill Clears Final Hurdle—Now It’s Up to the Governor

Texas lawmakers just handed Bitcoin maximalists an early Christmas present—the state’s controversial Bitcoin reserve bill sailed through its final vote, landing on the governor’s desk with a thud audible from Wall Street to Silicon Valley.

The Lone Star State’s power play

No more ’wait-and-see’—this legislation would let Texas hoard BTC like it’s oil in the 1970s. Because nothing says fiscal responsibility like betting your treasury on an asset that can swing 20% before breakfast.

What happens next?

All eyes on the governor’s pen. Sign it, and Texas becomes ground zero for the next crypto gold rush. Veto it, and the ’digital gold’ crowd will start drafting recall petitions before the ink dries.

One thing’s certain—the suits in New York and D.C. just choked on their artisanal pour-over coffee. When Texas moves, markets notice. Even if half the legislature still thinks ’HODL’ is a typo.

State’s embrace of Bitcoin

If signed, Texas will join New Hampshire and potentially Arizona in establishing a Bitcoin reserve. However, not all states have embraced the idea. 

Governors in Arizona and Montana recently vetoed or blocked similar proposals, citing the volatility of cryptocurrency markets.

Texas, which boasts a $2.7 trillion economy—ranking eighth globally if it were a country—has already positioned itself as a crypto-friendly state. Governor Abbott has previously expressed strong support for digital assets and accepted Bitcoin donations for his political campaigns.

The bill’s passage comes amid renewed momentum for Bitcoin, which recently hit a record high above $109,000.