{"id":24179,"date":"2025-05-21T18:30:00","date_gmt":"2025-05-21T15:30:00","guid":{"rendered":"https:\/\/forklog.com\/en\/texas-endorses-creation-of-bitcoin-reserve\/"},"modified":"2025-05-21T18:30:00","modified_gmt":"2025-05-21T15:30:00","slug":"texas-endorses-creation-of-bitcoin-reserve","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/texas-endorses-creation-of-bitcoin-reserve\/","title":{"rendered":"Texas Endorses Creation of Bitcoin Reserve"},"content":{"rendered":"<p>The Texas House of Representatives has <a href=\"https:\/\/capitol.texas.gov\/BillLookup\/Actions.aspx?LegSess=89R&#038;Bill=SB21\">approved<\/a> bill SB 21, which proposes the establishment of a strategic reserve for the leading cryptocurrency.<\/p>\n<p>The bill received support from 105 legislators, with 23 opposing, and has been sent to the governor for signing.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">?\ufe0fBREAKING: ?? Texas has just passed the Texas Strategic <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> Reserve and Investment Act, allowing the state to invest in <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>. <\/p>\n<p>The bill now awaits Governor&#8217;s approval to become law. <a href=\"https:\/\/t.co\/ybIAAjOEgE\">pic.twitter.com\/ybIAAjOEgE<\/a><\/p>\n<p>\u2014 Bitcoin.com News (@BTCTN) <a href=\"https:\/\/twitter.com\/BTCTN\/status\/1924940680268337369?ref_src=twsrc%5Etfw\">May 20, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Before the vote, an amendment was added to the bill: besides digital gold, other assets will be included in the reserve only if they have a market capitalization of at least $500 billion over two years. Previously, the requirement was 12 months.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cBitcoin is the only asset meeting these criteria. Its capitalization exceeds $2 trillion,\u201d noted Bitcoin Laws.<\/em><\/p>\n<\/blockquote>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">?? JUST IN: TEXAS Strategic Bitcoin Reserve bill passes House second reading.<\/p>\n<p>SB 21 passed by a vote of 105 \u2014 23<\/p>\n<p>The bill now progresses to a third reading a final vote (possibly tomorrow) <a href=\"https:\/\/t.co\/vcyUovCPb4\">pic.twitter.com\/vcyUovCPb4<\/a><\/p>\n<p>\u2014 Bitcoin Laws (@Bitcoin_Laws) <a href=\"https:\/\/twitter.com\/Bitcoin_Laws\/status\/1924939130766873035?ref_src=twsrc%5Etfw\">May 20, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Dennis Porter, CEO of Satoshi Action Fund, emphasized the importance of advancing the bill.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">MAJOR BREAKING: TEXAS PASSES STRATEGIC BITCOIN RESERVE LEGISLATION IN CRUCIAL HOUSE VOTE. <\/p>\n<p>LIKELY TO BE THE THIRD STATE TO SEND SBR LEGISLATION TO THE GOVERNOR\u2019S DESK.<\/p>\n<p>\u2014 Dennis Porter (@Dennis_Porter_) <a href=\"https:\/\/twitter.com\/Dennis_Porter_\/status\/1924938893196951643?ref_src=twsrc%5Etfw\">May 20, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>He noted that Texas will become the third U.S. state after <a href=\"https:\/\/u1f987.com\/en\/news\/new-hampshire-pioneers-bitcoin-reserve-legislation-in-the-us\">New Hampshire<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/arizona-becomes-second-u-s-state-to-establish-crypto-reserve-law\">Arizona<\/a> to pursue such an initiative. <\/p>\n<p>The region&#8217;s economy is valued at $2.6 trillion, surpassing that of Canada and Australia. The adoption of the law could bolster institutional cryptocurrency adoption in the country.<\/p>\n<p>In May, Florida <a href=\"https:\/\/u1f987.com\/en\/news\/florida-withdraws-bitcoin-reserve-bills-from-consideration\">halted<\/a> consideration of two bills that would have allowed state funds to be invested in Bitcoin. <\/p>\n<p>In states such as <a href=\"https:\/\/u1f987.com\/en\/news\/oklahoma-senate-rejects-bitcoin-reserve-proposal\">Oklahoma<\/a>, Montana, Pennsylvania, North and South Dakota, and Wyoming, attempts to establish a strategic Bitcoin reserve have also <a href=\"https:\/\/u1f987.com\/en\/news\/montana-house-rejects-bitcoin-reserve-bill-2\">failed<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Texas House of Representatives has approved bill SB 21, which proposes the establishment of a strategic reserve for the leading cryptocurrency. The bill received support from 105 legislators, with 23 opposing, and has been sent to the governor for signing. ?\ufe0fBREAKING: ?? Texas has just passed the Texas Strategic #Bitcoin Reserve and Investment Act, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24178,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1641,26],"class_list":["post-24179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin-reserves","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"83","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/24179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=24179"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/24179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/24178"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=24179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=24179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=24179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}