Texas Governor Greg Abbott signed Senate Bill 21 and House Bill 4488 into law

Event date

June 21, 2025

Quotes that support claims

Texas Governor Greg Abbott has signed Senate Bill 21 (SB21), officially authorizing the creation of the Texas Strategic Bitcoin Reserve, a state-managed fund that will hold Bitcoin as part of the state’s long-term financial assets.

Abbott also signed HB 4488, a bill that insulates the Bitcoin reserve, alongside other state funds, from the state treasury’s periodic ‘fund-sweeps’ to general revenue. The bill also guarantees the reserve’s legal existence even if no bitcoin has been purchased by next summer.

Texas Governor Greg Abbott signed the Bitcoin bill passed by the state’s legislature last month into law, making Texas the third state to pass legislation establishing a strategic Bitcoin reserve.

Tags

Week 25 of 2025