Texas is likely to become the third state to establish a strategic Bitcoin reserve, according to Texas Blockchain Council’s founder and president, Lee Bratcher.
If the legislature approves the bill, he expects Governor Greg Abbott to endorse it. By Wednesday, Senate Bill 21 passed decisively, setting the stage for a Bitcoin reserve.
If Abbott signs the bill, which Bratcher predicts will reach his desk in “a week or two,” Texas would join New Hampshire and Arizona as pioneers. Earlier in March, President Trump enacted an order to establish a “Strategic Bitcoin Reserve.”
