{"id":129900,"date":"2025-05-23T22:17:28","date_gmt":"2025-05-23T22:17:28","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=129900"},"modified":"2025-05-23T22:17:28","modified_gmt":"2025-05-23T22:17:28","slug":"texas-governor-signals-support-for-bitcoin-reserve-bill","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=129900","title":{"rendered":"Texas governor signals support for Bitcoin reserve bill"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsTexas Governor Greg Abbott has signaled support for a bill recently passed by the state House of Representatives that would establish a strategic cryptocurrency reserve.<br \/>\nIn a May 22 X post, Abbott posted a Techstory article about Texas state lawmakers\u2019 efforts to create a Bitcoin (BTC) reserve. The story pointed out that the decision for the passage of SB 21, the bill in question, now rests on Abbott\u2019s shoulders, roughly three months after it was introduced.\u00a0<br \/>\nSince taking office, Abbott referred to himself as a \u201ccrypto law proposal supporter\u201d in 2021 and suggested that he would support policies to establish Texas as a \u201ccrypto capital\u201d in 2024. Texas was one of a handful of state-level governments that proposed setting up a strategic crypto reserve after the 2024 federal elections.\u00a0\u00a0\u00a0<br \/>\nRelated: Ukraine strategic Bitcoin reserve bill reportedly in final stages<br \/>\nOn May 6, New Hampshire Governor Kelly Ayotte was the first to sign a Bitcoin reserve bill into law. Arizona Governor Katie Hobbs later approved a law allowing the state to claim ownership of unclaimed crypto. Some jurisdictions have rebuffed efforts to pass similar legislation, with roughly half of the 50 state governments considering a Bitcoin reserve.<br \/>\nNew administration working to have the US government hodl<br \/>\nAt the federal level, US President Donald Trump signed an executive order (EO) in March for a \u201cStrategic Bitcoin Reserve\u201d and a \u201cDigital Asset Stockpile,\u201d but Congress had not codified the order as of May 23. Wyoming Senator Cynthia Lummis has led efforts in the chamber to pass the Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide, or BITCOIN, Act, reintroduced a few days after Trump\u2019s EO.<br \/>\nAs of March 11, the bill has been referred to the Senate Banking Committee, and it was unclear if or when the chamber would consider a vote. The Senate will likely first move forward with debate on a bill to regulate payment stablecoins, the GENIUS Act, with some lawmakers anticipating a vote by Memorial Day, May 26.<br \/>\nMagazine: Adam Back says Bitcoin price cycle \u201910x bigger\u2019 but will still decisively break above $100K<a href=\"https:\/\/cointelegraph.com\/news\/texas-governor-bitcoin-reserve-law?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsTexas Governor Greg Abbott has signaled support for a bill recently passed by the state House of Representatives that would establish a strategic cryptocurrency reserve. In a May&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129900"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129900"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129900\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129900"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129900"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}