Texas has legislated House Bill 4488 to protect a proposed state Bitcoin reserve from dissolution. This law exempts selected state funds, including this reserve, from being absorbed into general revenue by 2025.
Governor Abbott is weighing Senate Bill 21, which seeks to authorize investments in Bitcoin and other cryptocurrencies with a market cap of at least 500 billion USD. Bitcoin is the only asset meeting this criterion right now.
The future of the Texas Strategic Bitcoin Reserve hinges on the passage of Senate Bill 21. Should this legislation be enacted, the reserve would be legally secured under House Bill 4488’s framework.
Leave a Reply