Texas governor greenlights Bitcoin reserve fund, taking bronze in adoption race

Description

Texas became the third state to authorize a strategic Bitcoin reserve fund, managed independently to hedge against inflation and enhance financial resilience.

Authors

Kyle Baird

Publish date

June 22, 2025

Publisher

DL News

Web URL

https://www.dlnews.com/articles/regulation/texas-governor-greenlight-bitcoin-reserve-fund-adoption-race

Referenced by

Texas becomes third state to establish Bitcoin reserve

Crypto news

News story

A public report will be issued every two years detailing the reserve’s activity and value.

Crypto news

Quote

Administration of the fund falls to the state comptroller, who will oversee Bitcoin custody and work with an advisory committee that includes three crypto investment experts.

Crypto news

Quote