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HomeCryptocurrency

Texas to buy Bitcoin for state reserves long before Trump’s Bitcoin reserve delivers

CryptoSlateMonday, June 23, 2025 at 3:29:41 PM
PositiveCryptocurrencyCryptocurrency Policy
Texas to buy Bitcoin for state reserves long before Trump’s Bitcoin reserve delivers
Texas is jumping ahead of the feds by legally greenlighting the use of taxpayer money to buy Bitcoin for its state reserves. Governor Greg Abbott just signed a bill that lets Texas officially hold cryptocurrencies like Bitcoin, making it one of the first states to take this step—well before any federal action (like Trump’s proposed national Bitcoin reserve) materializes.
Editor’s Note: This isn’t just about Texas flexing its financial independence—it’s a big deal for crypto legitimacy. By putting Bitcoin in state reserves, Texas is betting on cryptocurrency as a long-term asset, which could pressure other states (or even the feds) to follow suit. For crypto advocates, it’s a win; for skeptics, it’s a risky experiment with public funds. Either way, it’s a bold move that could reshape how governments interact with digital currencies.
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