{"id":28030,"date":"2025-05-22T08:02:31","date_gmt":"2025-05-22T08:02:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28030"},"modified":"2025-05-22T08:02:31","modified_gmt":"2025-05-22T08:02:31","slug":"texas-moves-closer-to-becoming-first-state-to-hold-bitcoin","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28030","title":{"rendered":"Texas Moves Closer to Becoming First State to Hold Bitcoin"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\"><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener nofollow\">Top 20 Crypto to Buy in May 2025<\/a>Texas is making headlines again<\/span><span data-preserver-spaces=\"true\">, and this<\/span><span data-preserver-spaces=\"true\"> time it\u2019s not about energy or barbecue.<\/span><span data-preserver-spaces=\"true\"> The state\u2019s lawmakers have voted to create a strategic Bitcoin reserve, setting the stage for Texas to become the first in the U.S. <\/span><span data-preserver-spaces=\"true\">to officially hold Bitcoin as part of its financial strategy<\/span><span data-preserver-spaces=\"true\">. The bill just passed through the House, and now it\u2019s waiting on one final stamp of <\/span><span data-preserver-spaces=\"true\">approval,<\/span><span data-preserver-spaces=\"true\"> Governor Greg Abbott.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">What\u2019s in the Bill?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The bill, known as <a class=\"general-link\" href=\"https:\/\/capitol.texas.gov\/BillLookup\/History.aspx?LegSess=89R&amp;Bill=SB21\" target=\"_blank\" rel=\"nofollow noopener nofollow\">Senate Bill 21 (SB 21)<\/a>, was approved by the Texas House of Representatives with a vote of 101 to 42. It had already passed the Senate earlier this year. <\/span><span data-preserver-spaces=\"true\">The proposal <\/span><span data-preserver-spaces=\"true\">lays out<\/span><span data-preserver-spaces=\"true\"> a plan to create the Texas Bullion Depository Reserve Fund, <\/span><span data-preserver-spaces=\"true\">which would allow<\/span><span data-preserver-spaces=\"true\"> the state to invest in Bitcoin and other digital assets.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">HISTORY: TEXAS passes Strategic Bitcoin Reserve bill SB 21 <a href=\"https:\/\/t.co\/6oZBbHjEgA\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/6oZBbHjEgA<\/a><\/p>\n<p>\u2014 Bitcoin Laws (@Bitcoin_Laws) <a href=\"https:\/\/twitter.com\/Bitcoin_Laws\/status\/1925239435400290717?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">May 21, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">The fund would <\/span><span data-preserver-spaces=\"true\">be overseen<\/span><span data-preserver-spaces=\"true\"> by the state comptroller and kept separate from Texas\u2019 <\/span><span data-preserver-spaces=\"true\">main<\/span><span data-preserver-spaces=\"true\"> treasury. The idea is to build a pool of Bitcoin that could serve as a hedge during tough economic times. And it\u2019s not a <\/span><span data-preserver-spaces=\"true\">free-for-all,<\/span><span data-preserver-spaces=\"true\"> the bill limits the assets to ones with a 24-month average market cap of at least $500 billion. That\u2019s a long way of saying: it\u2019s <\/span><span data-preserver-spaces=\"true\">mostly<\/span><span data-preserver-spaces=\"true\"> about Bitcoin.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\"><strong style=\"font-size: 16px\">DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/crypto-presales\/\" target=\"_blank\" rel=\"noopener\">The 12+ Hottest Crypto Presales to Buy Right Now<\/a><\/strong><\/span><\/h2>\n<h2><span data-preserver-spaces=\"true\">How It Gets Funded<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Funding for the Bitcoin reserve could come from a few different places. The state legislature could allocate money directly, and Texans themselves could contribute through private donations. <\/span><span data-preserver-spaces=\"true\">There\u2019s a catch <\/span><span data-preserver-spaces=\"true\">though, only<\/span><span data-preserver-spaces=\"true\"> Texas residents would be allowed to donate.<\/span> <span data-preserver-spaces=\"true\">That part was <\/span><span data-preserver-spaces=\"true\">actually<\/span><span data-preserver-spaces=\"true\"> taken<\/span><span data-preserver-spaces=\"true\"> out of the bill at one point, but lawmakers later put it back in.<\/span><\/p>\n<p><strong><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_682eab5378674\" data-coin-id=\"btc-bitcoin\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n                <img id=\"crypto_chart_682eab5378674-chart__info-icon-img\">\n            <\/div>\n<div class=\"chart__info-name\" id=\"crypto_chart_682eab5378674-chart__info-name\">&#8211;<\/div>\n<div class=\"chart__info-label\">Price<\/div>\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_682eab5378674-chart__info-symbol\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_682eab5378674-chart__info-price\">&#8211;<\/div>\n<div class=\"chart__info-value\" id=\"crypto_chart_682eab5378674-chart__info-marketcap\">&#8211;<\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--24h\" id=\"crypto_chart_682eab5378674-btn-24h\">24h<\/button><br \/>\n                <button class=\"chart__button chart__button--7d\" id=\"crypto_chart_682eab5378674-btn-7d\">7d<\/button><br \/>\n                <button class=\"chart__button chart__button--30d\" id=\"crypto_chart_682eab5378674-btn-30d\">30d<\/button><br \/>\n                <button class=\"chart__button chart__button--1y\" id=\"crypto_chart_682eab5378674-btn-1y\">1y<\/button><br \/>\n                <button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_682eab5378674-btn-all-time\">All Time<\/button>\n            <\/div>\n<div class=\"chart__controls-group\">\n                <button class=\"chart__button chart__button--logarithmic\" id=\"crypto_chart_682eab5378674-btn-log\">Log<\/button>\n            <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n        <canvas class=\"chart__canvas\" id=\"crypto_chart_682eab5378674-cryptoChart\"><\/canvas>\n    <\/div>\n<\/div>\n<p><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">The bill also includes a system for keeping lawmakers and the public in the loop. <\/span><span data-preserver-spaces=\"true\">The comptroller would need to submit a report every two years detailing <\/span><span data-preserver-spaces=\"true\">what assets the reserve holds<\/span><span data-preserver-spaces=\"true\">, how they\u2019re <\/span><span data-preserver-spaces=\"true\">being managed<\/span><span data-preserver-spaces=\"true\">, and whether any of <\/span><span data-preserver-spaces=\"true\">it<\/span><span data-preserver-spaces=\"true\"> has been sold or reallocated.<\/span><span data-preserver-spaces=\"true\"> An advisory committee would help guide the strategy.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Why Texas Wants a Bitcoin Reserve<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Lawmakers behind the bill say this is about preparing for a future where Bitcoin and other digital assets play a bigger <\/span><span data-preserver-spaces=\"true\">role in finance<\/span><span data-preserver-spaces=\"true\">. Representative Giovanni Capriglione, one of the bill\u2019s sponsors, has framed it as a way to give Texas more control over its financial stability.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Texas already has a reputation as a Bitcoin-friendly state. It\u2019s home to large-scale mining operations and has generally welcomed crypto companies with open arms. Adding Bitcoin to the state\u2019s <\/span><span data-preserver-spaces=\"true\">own<\/span><span data-preserver-spaces=\"true\"> balance sheet might feel like the next logical step.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"noopener\">Top 20 Crypto to Buy in May 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Other Governments Are Doing It Too<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Texas isn\u2019t alone in thinking about Bitcoin this way. New Hampshire passed its own Bitcoin reserve legislation earlier this year. At the federal level, President Trump signed an executive order in March that created a Strategic Bitcoin Reserve using coins seized in criminal investigations.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">So while Texas might not be the first government entity to hold Bitcoin, it would <\/span><span data-preserver-spaces=\"true\">definitely<\/span><span data-preserver-spaces=\"true\"> be the biggest U.S. state to take the plunge.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">What Happens Next?<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Now it\u2019s up to Governor Greg Abbott. He has 20 days to either sign the bill into law or veto it. While he hasn\u2019t said anything specific about SB 21, Abbott has supported Bitcoin and blockchain innovation <\/span><span data-preserver-spaces=\"true\">in the past.<\/span><span data-preserver-spaces=\"true\"> It makes many people think he\u2019s likely to give it the green light.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">If he does, Texas won\u2019t just be mining Bitcoin. It\u2019ll be holding it <\/span><span data-preserver-spaces=\"true\">too<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"editor-rtfLink\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n        <\/ul>\n<p><\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Texas is on track to become the first U.S. state to hold Bitcoin, with a bill awaiting final approval from Governor Greg Abbott.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Senate Bill 21 would create a state-managed Bitcoin reserve fund, overseen by the comptroller and funded by state allocations or private donations.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Only digital assets with a 24-month average market cap of $500 billion or more, effectively just Bitcoin, would qualify for inclusion in the reserve.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        The bill includes transparency requirements, mandating biannual reports on fund holdings and performance, along with guidance from an advisory committee.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Texas joins a growing list of governments exploring Bitcoin reserves. This signals a broader shift toward integrating crypto into public finance strategies.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><br \/>\n    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-btc\/texas-moves-closer-to-becoming-first-state-to-hold-bitcoin\/\">Texas Moves Closer to Becoming First State to Hold Bitcoin<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Top 20 Crypto to Buy in May 2025Texas is making headlines again, and this time it\u2019s not about energy or barbecue. The state\u2019s lawmakers have voted to create a strategic Bitcoin reserve, setting the stage for Texas to become the first in the U.S. to officially hold Bitcoin as part of its financial strategy. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-28030","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28030"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28030\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}