On May 23, Abbott shared a news article covering the bill’s progress, along with a broader discussion of Texas’s push to become a national leader in digital asset innovation. The move is being interpreted by many as a signal of tacit endorsement for the initiative.

The SBR bill proposes that the State of Texas hold a portion of its treasury in BTC, effectively treating the cryptocurrency as a strategic reserve asset alongside traditional holdings.

Supporters argue that such a move could help hedge against dollar debasement, attract further blockchain investment, and solidify Texas as a pro-Bitcoin economic stronghold.

The post Texas Governor Signals Support for State-Held Bitcoin Reserve appeared first on Coindoo.

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Filed under: Bitcoin - @ May 23, 2025 3:15 pm