Home Fear & Greed Pools Wallets Dictionary Advertise Facebook Twitter Telegram Reddit Youtube
Market Cap:
24h Vol:
Cryptocurrencies: 13286
Markets: 103975
CoinInsight360.com logo CoinInsight360.com logo
ENG
EST
RUS
TUR
DEU
CHI
KOR
ITA
USD
USD
AED
AFN
ALL
AMD
ANG
AOA
ARS
AUD
AWG
AZN
BAM
BBD
BDT
BGN
BHD
BIF
BMD
BND
BOB
BRL
BTN
BWP
BYN
BZD
CAD
CDF
CHF
CLF
CLP
CNH
CNY
COP
CRC
CUC
CUP
CVE
CZK
DJF
DKK
DOP
DZD
EGP
ERN
ETB
EUR
FJD
FKP
GBP
GEL
GHS
GIP
GMD
GNF
GTQ
GYD
HKD
HNL
HRK
HTG
HUF
IDR
ILS
IMP
INR
ISK
JMD
JOD
JPY
KES
KGS
KHR
KMF
KPW
KRW
KWD
KYD
KZT
LAK
LBP
LKR
LRD
LSL
LYD
MAD
MDL
MGA
MKD
MMK
MNT
MOP
MRU
MUR
MVR
MWK
MXN
MYR
MZN
NAD
NGN
NIO
NOK
NPR
NZD
OMR
PAB
PEN
PGK
PHP
PKR
PLN
PYG
QAR
RON
RSD
RUB
RWF
SAR
SBD
SCR
SDG
SEK
SGD
SHP
SLL
SRD
SSP
STD
STN
SVC
SYP
SZL
THB
TJS
TMT
TND
TOP
TRY
TTD
TWD
TZS
UAH
UGX
UYU
UZS
VES
VND
VUV
WST
ZAR
ZMW
ZWL
America's Social Casino

Market Cap
24h Vol
13286
Cryptocurrencies
63.99%
Bitcoin Share
Cryptopolitan 2025-06-21 21:48:15

Texas Governor Greg Abbott signs SB 21 into law, officially creating Texas Strategic Bitcoin Reserve

Texas Governor Greg Abbott signs SB 21 into law, officially creating Texas Strategic Bitcoin Reserve

Texas Gov. Greg Abbott signed Senate Bill 21 into law on June 21, 2025, creating the Texas Strategic Bitcoin Reserve and making Texas the third U.S. state to do so. Gov. Abbott received SB 21 on June 1, 2025, and had until June 22, 2025, to sign or veto it. Under the Texas Constitution, a bill left unsigned by that date becomes law automatically. With SB 21 now signed, Texas has now become the third state to approve a Strategic Bitcoin Reserve after Arizona and New Hampshire. Source: Legiscan.com Under SB 21 , the Texas Comptroller of Public Accounts will manage a fund kept outside the state treasury. It will be funded by legislative appropriations, dedicated fees, investment returns, and voluntary cryptocurrency gifts. The law sets rules on how the comptroller can buy, hold, and sell digital assets. Supporters say it will help guard against inflation, boost the state’s financial strength, and keep Texas ahead in digital asset use. Texas Bitcoin Reserve focuses on stability with market cap threshold The law only lets the fund invest in cryptocurrencies that have had an average market cap of at least $500 billion in the past 12 months. That rule is meant to keep the fund focused on large, stable coins—currently, that is mainly Bitcoin. Since its first draft, SB 21 was revised in the House Committee on Delivery of Government Efficiency. The most recent version adds clearer guidelines, new risk controls, and limits the comptroller’s power over speculative spending of public money. Earlier, Texas also approved House Bill 4488. That law prevents any funds set aside for a future Bitcoin reserve from being swept into the general revenue fund. It created the legal basis for holding digital assets under state law. While HB 4488 protects the reserve funds, SB 21 is the law that actually lets the state create the reserve. It allows the comptroller to use surplus general revenue to buy digital assets with a market value of at least $600 billion, a threshold met only by Bitcoin today. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage

Most Read News

Moralis Money
Market Cap
24h Vol
63.99%
Bitcoin Share
165
Today News
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.