{"id":33286,"date":"2025-06-23T20:01:46","date_gmt":"2025-06-23T20:01:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=33286"},"modified":"2025-06-23T20:01:46","modified_gmt":"2025-06-23T20:01:46","slug":"texas-ready-for-10m-bitcoin-purchase-after-governor-signs-bill-for-state-reserve","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=33286","title":{"rendered":"Texas Ready for $10M Bitcoin Purchase After Governor Signs Bill for State Reserve"},"content":{"rendered":"<div>\n<p>Texas has become the first U.S. state to create a publicly funded, stand-alone bitcoin BTC reserve after Governor Greg Abbott <a href=\"https:\/\/capitol.texas.gov\/Reports\/Report.aspx?LegSess=89R&amp;ID=signedbygov\">signed<\/a> Senate Bill 21 into law over the weekend. The bill directs the state to establish a bitcoin reserve managed independently from the main treasury, joining a small but growing group of states exploring digital asset reserves.<\/p>\n<p>Unlike Arizona and New Hampshire, which passed similar legislation, Texas did not just authorize the reserve but is actively funding it. The state will be appropriating $10 million in order to purchase bitcoin for the reserve.<\/p>\n<p>The news comes months after the Trump administration announced the creation of a national crypto reserve \u2014 though that vehicle is supposed to be funded in strictly budget-neutral ways, like through <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/02\/20\/u-s-marshals-service-managing-seized-assets-can-t-say-how-much-crypto-it-holds\">crypto asset seizures<\/a> or by <a href=\"https:\/\/www.coindesk.com\/policy\/2025\/05\/28\/nyc-mayor-eric-adams-calls-for-the-end-of-nydfs-bitlicense-proposes-bitbond\">issuing crypto bonds<\/a>.<\/p>\n<p>Abbott also signed bill HB 4488, a companion measure that protects the bitcoin reserve from routine \u2018fund sweeps\u2019 into the state\u2019s general revenue.<\/p>\n<p>The legislation marks a shift in how states may begin treating digital assets \u2014 not just as speculative tools, but as sovereign financial instruments worth holding long-term.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Texas has become the first U.S. state to create a publicly funded, stand-alone bitcoin BTC reserve after Governor Greg Abbott signed Senate Bill 21 into law over the weekend. The bill directs the state to establish a bitcoin reserve managed independently from the main treasury, joining a small but growing group of states exploring digital [&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-33286","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\/33286","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=33286"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/33286\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}