Michaela
Texas has made history as the first U.S. state to allocate public funds to a dedicated Bitcoin Reserve, following Governor Greg Abbott’s signing of Senate Bill 21, which establishes a state-managed fund treating Bitcoin as a long-term financial asset.
Under the new legislation, the Texas Strategic Bitcoin Reserve will function separately from the state’s general treasury, with the goal of boosting financial stability and offering a potential hedge against inflation. The bill also limits eligibility to assets with a market capitalization above $500 billion, a benchmark that, for now, only Bitcoin meets.
The Texas Strategic Bitcoin Reserve will be overseen by the state’s Comptroller of Public Accounts, with guidance from a three-member advisory panel composed of crypto investment experts. In addition to direct Bitcoin purchases, the fund can expand through forks, airdrops, investment returns, and public crypto donations. A detailed report on the reserve’s performance and holdings will be published every two years.
Senate Bill 21 follows Governor Abbott’s earlier approval of House Bill 4488, which ensures the Bitcoin reserve remains separate from Texas’ general revenue fund, shielding it from future budget reallocations.
While Arizona and New Hampshire have also passed laws supporting Bitcoin reserves, Texas stands out as the first state to allocate public funds and create an independent structure to manage its crypto holdings.
Ohio Leads with Bitcoin Reserve Bill Ahead of Texas
In a broader legislative move, Ohio advanced its Bitcoin Rights Bill, known as House Bill 116, just one week ago. The bill authorizes public investment in Bitcoin and expands protections and payment options related to cryptocurrency.
Sponsored by Republican Representative Steve Demetriou, the bill seeks to protect the rights of digital asset holders and has now advanced to the full Ohio House of Representatives for debate and a vote.
Demetriou called the day of the vote a historic moment for the state, highlighting its role in promoting emerging technologies and strengthening financial independence for Ohioans. The unanimous 13-0 committee vote signals strong bipartisan support for establishing clear legal safeguards for digital asset users.
As states like Texas and Ohio continue to pioneer legislation around cryptocurrency, their efforts signal a growing recognition of digital assets’ role in the future economy. These moves could pave the way for broader adoption and regulatory frameworks across the U.S., shaping how governments engage with and support emerging financial technologies.
Read More
- Texas Moves Closer to Creating Its Own Bitcoin Reserve Fund
- US Generals Quietly Back Bitcoin Reserve in China Standoff
- Pakistan Govt Launches Bitcoin Reserve at 2025 BTC Event
Michaela has no crypto positions and does not hold any crypto assets. This article is provided for informational purposes only and should not be construed as financial advice. The Shib Magazine and The Shib Daily are the official media and publications of the Shiba Inu cryptocurrency project. Readers are encouraged to conduct their own research and consult with a qualified financial adviser before making any investment decisions.
