Texas Leads Crypto Innovation with Strategic Bitcoin Reserve
Historic Legislation: Texas became the first U.S. state to establish a state-backed Bitcoin reserve through Senate Bill 21, signed into law on June 21, 2025. Purpose: The reserve aims to hedge against inflation and diversify Texas’ financial reserves, managed by the Texas Comptroller of Public Accounts. Investment Scope: The fund is limited to cryptocurrencies with an average market capitalization of at least $500 billion over the...