According to Cointelegraph, Texas Governor Greg Abbott has signed Senate Bill 21 (SB21), officially establishing the Texas Strategic Bitcoin Reserve. This state-managed fund is designed to hold Bitcoin as part of Texas's long-term financial assets, aiming to enhance the state's financial resilience and serve as a potential hedge against inflation. The reserve operates independently from Texas's general treasury system, as outlined in the bill. The legislation specifies that only assets with a market capitalization exceeding $500 billion are eligible for inclusion in the reserve, a criterion currently met solely by Bitcoin (BTC)
source: https://www.binance.com/en/square/post/25956362031786?utm_source=BinanceNewsRSS