Mr.Abrash

08/13 10:53

Texas Protects Its Bitcoin Holdings With New Law

Texas Protects Its Bitcoin Holdings With New Law

Texas Governor Greg Abbott just signed a new law (House Bill 4488) that protects the state’s Bitcoin reserves and other crypto holdings. Without this law, these funds might have been forced to be sold off in 2025. Now, they’re safe and won’t be treated like regular government money. This shows that Texas is serious about using and protecting cryptocurrency as part of its official financial plans. 
Texas Governor Greg Abbott has signed House Bill 4488 (HB 4488), which protects certain state funds, including any Bitcoin reserves held outside the state treasury. He has not yet decided on Senate Bill 21 (SB21), which would authorize Texas to invest in crypto assets with a…
While HB 4488 is now law, all eyes are on Senate Bill 21 (SB21), which proposes allowing Texas to invest directly in Bitcoin and other cryptocurrencies with market caps over $500 .

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