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Texas Governor Greg Abbott signs strategic Bitcoin reserve bill into law The Block 3 weeks ago

Texas Governor Greg Abbott signs strategic Bitcoin reserve bill into law 🤠

Texas Governor Greg Abbott has officially signed into law a strategic Bitcoin reserve bill that marks a significant move in the crypto space. This legislation not only establishes a Bitcoin reserve but also shelters it alongside other state funds from periodic 'fund-sweeps.'

The bill is accompanied by a companion legislation, which further solidifies these protections, indicating a growing acknowledgment and adoption of cryptocurrencies within state-level economic frameworks.

Source: www.theblockcrypto.com ↗