There are times in the dusty summer heat of Texas when men sit and listen to the growing hum of the future, that wild, restless thing just over the horizon. Governor Abbott, hat perched and pen in hand, squinted hard at Senate Bill 21, maybe thinking it looked like any old bill—until you caught the scent of Bitcoin in the wind and saw the mischief in lawmakers’ grins.
Texas, land of overcooked brisket and overconfident optimism, set itself apart again. Arizona and New Hampshire dipped their toes in Bitcoin laws, but Texas didn’t just dip—she cannonballed. There’s now a whole strategic Bitcoin reserve, corralled off from the bean-counters and safe from the handsy grasp of the treasury.
🇺🇸 JUST IN: Texas Governor Greg Abbott signs Bitcoin Reserve bill SB 21 into law.
Texas is now the third state with a Bitcoin Reserve.
— Bitcoin Laws (@Bitcoin_Laws) June 21, 2025
The bill reads like a playbook for a stubborn rancher: the fund can’t mix with the regular state monies, lest the crypto bulls get loose and trample the haystack of taxpayer cash. Only coins fatter than a Texas longhorn—that is, those with a market cap over $500 billion—get a golden ticket. It used to be gold in the vault; now it’s Bitcoin, plowing past $101,252 a piece, and the Texas Comptroller stands guard, probably wishing for simpler days when all he had to count were cattle and currency.
The reserve grows any way it pleases—airdrops, forks, investments, or some lonesome millionaire’s digital pocket change. Texans will get a peek at the results in a report issued every two years. Like all good fishing stories, there’s bound to be some exaggeration, but one can hope for facts and a sprinkle of miracle.
Abbott’s prior House Bill 4488 keeps the Bitcoin fund fenced in—no wandering off into the state budget like a calf through a hole in the fence. As institutional suits begin to sniff the trail, Texas might just spark a stampede. And why not? It’s Texas—where the hats are big, the ambitions bigger, and now, the Bitcoin reserve biggest of them all. Who says the Wild West ever ended? 🤠🪙
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2025-06-23 07:50