Watch Texas Flip the Script on State Bitcoin Reserves Before Sunday’s Final Block

Texas Governor Greg Abbott must sign/veto the SB 21 bill by Sunday; otherwise, it becomes law automatically, creating a state BTC treasury. SB 21 mandates the Comptroller to acquire, hold, and manage Bitcoin, initiating a strategic state reserve due to BTC’s market size. Texas faces a Sunday deadline concerning state-owned Bitcoin. If he takes no action by that date, the bill automatically becomes law under the state constitution. SB 21 proposes establishing a state treasury holding specifically for Bitcoin. Texas Update: The deadline for Governor Abbott to sign (or veto) Bitcoin Reserve Bill SB 21 is this Sunday, June 22. These are the only other U.S. states with recognized Bitcoin treasury holdings. The Bill also establishes an Advisory Committee comprising individuals with computer investment experience. “Texas moves to establish a strategic Bitcoin holding: a new era in state finance,” Abbott stated after the bill passed the Legislature. Abbott also referred to previous statements.