Texas Protects Its Bitcoin Holdings With New Law

Governor of Texas Greg Abbott has just signed a new law (House account 4488) That protects the Bitcoin reserves from the state and other crypto companies. Without this law, these funds may be forced to be sold in 2025. Now they are safe and are not being treated as regular government money. This shows that Texas is serious about the use and protection of cryptocurrency as part of his official financial plans.

Bitcoin Investment Bill is waiting for Abbott’s decision

Although HB 4488 is now law, all eyes are aimed at Senate Bill 21 (SB21), which suggests that Texas can invest directly in Bitcoin and other cryptocurrencies with market hoods of more than $ 500 billion. Currently only Bitcoin qualifies, making it the most important candidate for state investments. Governor Abbott has until 22 June to sign or Veto SB21. If he does not take action, the account will automatically become law.

SB21 would mark an important milestone in the acceptance of Crypto at the level of the state and tune Texas to a growing number of settings that Bitcoin regard as a strategic reserve.

Institutional momentum builds around Bitcoin

The steps of Governor Abbott reflect a wider institutional trend. Hedgefonds manager Eric Semler, chairman of the health care company Semler Scientific, has been vocal in his support for Bitcoin as a long -term investment. The Semler company recently increased its Bitcoin companies, which strengthens the position that crypto site wins as a store of value.

• Also read:
• Why is the cryptomarkt below today? $ 240b wiped out in the midst of Israel-Iran voltages
• “

His popular approach, investing in what most not, has historically paid off, especially in turbulent markets. Semler’s faith in Bitcoin also reflects the sentiment of a growing number of hedge funds; Recent data shows that almost half now has some crypto -exposure.

Texas sends a message

The passage of HB 4488 shows that Texas is serious about protecting his crypto reserves. If SB21 follows, the State could be one of the first to officially invest in Bitcoin. Together these two accounts reflect a calculated but future -oriented approach. For investors and institutions that look from the sidelines, Texas is perhaps the place where crypto meets government policy and is taken seriously.

Thank you for subscribing!

Thank you for subscribing to our crypto and blockchain newsletter! You will now receive the latest news, insights and updates directly to your inbox. Welcome to our community!

`;; Let SelectedsubsUBSubRIFTIONSARRAY = SelectedsubscriptionSstring.Split (‘,’); Leave subscription categories = SelectedsubscriptionSarray.Map (Subscription => Subscription.Split (‘_’)[0]); Let’s subscription category = subscription categories.join (‘,’); Subcribedmodal.innerhtml = subscribedpopupmodal; IF (Document.getelementbyid (‘Selectide’)) {Document.getelementbyid (‘Selectidname’). Textcontent = subscription categories string; } Document.Queryelector (‘#subscribe-modal design. Modal’). style.display = ‘none’; Subscribedmodal.style.display = ‘block’; Subscribe modal.classlist.remove (‘hide’); subscribe modal.classlist.add (‘show’); Document.getelementbyid (‘Subribe_’ + categoryid) .style.display = ‘none’; Document.getelementbyid (‘usubsibe_’ + categoryid) .style.display = ‘block’; Var Showdownloadreport = Document.getelementbyid (‘download_report’); if (showdownloadreport) {showdownloadreport.style.display = ‘block’; }}} Catch (e) {console.error (‘error parsing response:’, e); }},}); } Function Closemodal (Template_ID) {Var Modalid = template_id; Var Modal = Document.Queryelector (‘#’ + Modalid); // Use queryelector to find the modal IF (modal) {modal.classlist.add (‘hide’); modal.classlist.remove (‘show’); Setimeout (function () {modal.style.display = ‘no’;}, 500); } else {console.warn (‘modal not found:’, modalid); }} function closeunsubscribemodal () {Var unsubscribemodal = document.Queryelector (‘. Non-dumped-written-popup modal. Modal’); if (non -subscripemodal) {unsubscribemodal.classlist.add (‘hide’); unsubscribemodal.classlist.remove (‘show’); } Settimeout (function () {unsubscribemodal.style.display = ‘none’;}, 500); } Function closesubscribemodal () {VAR Abs scriptmodal = Document.Queryelector (‘. Subscribed-popup modal. Modal’); Settimeout (function () {subscriber.style.display = ‘none’;}, 500); if (subscription modal) {subscriber.classlist.add (‘hide’); Subscribe modal.classlist.remove (‘Show’); }} Function without loginclicked (Zonderlogin_ID) {LocalStorage.Setitem (‘Absscribe_witout_login’, ‘True’); LocalStorage.Setitem (‘SubCribe_Clicked_ID’, Withoutlogin_ID); } Document.Addeventlistener (‘Domcontentloaded’, Function () {Const subcurewit wood data = LocalStorage.GeTitem (‘Subribe_Wood_login’); Const subcribe_Clicked_Cat_ID = Localstorage.getitem (‘Subscrobe_id_id “;); {Name) document.Cookie; Let Parts = Value.Split (“;” + name + “=”); Category ID Subscribed_popupmodal (Subscribe_clicked_cat_id); /![type=”checkbox”]’); initialist items.foreach (function (item) {console.log (item.Checked, ‘initial check box controlled status’);}); Var list items = document.Queryelectorall (‘. Subscription options Li’); if (list item.length === 0) return; Var Anyactive = False; list items.foreach (function (item) {Var checkbox = item.queryelector (‘Input[type=”checkbox”]’); if (checkbox) {if (checkbox.Checked) {item.classlist.add (‘active’); Anyactive = True; // Set Anyactive to True} Other {item.classlist.remove (‘Active’); // Remove ‘active’ class if the check box is not checked}}}); } Function Updatebuttontext (Anyactive) {Var Subcribtonspan = Document.querySelector (‘. Subscribe-submit .changebtntext’); if (abscribtonspan) {If (anyactive) {abscribtonspan.textcontent = “Subscribe now”; } Else {Abscribtonspan.textcontent = “Unsubscribe”; }}} Function updatesubsion button () {Var Listitems = Document.Queryelectorall (‘. Subscription options Li’); if (list item.length === 0) return; Var Anyactive = False; list items.foreach (function (item) {Var checkbox = item.queryelector (‘Input[type=”checkbox”]’); if (checkbox) {if (checkbox.Checked) {item.classlist.add (‘active’); Anyactive = True; // Set Anyactive to True} Other {item.classlist.remove (‘Active’); // Remove ‘active’ class if the check box is not checked}}}); // Attach the KnopText based on whether a list item has the ‘Active’ Class UpdateText (Anyactive); } Document.addeventlistener (‘click’, function (event) {Var clickeditem = event.Target.closest (‘. Subscription options Li’); If (clickeditem) {Var checkbox = clickeditem.queryelector (‘Input[type=”checkbox”]’); if (check box) {checkbox.Checked =! Checkbox.Checked; updateubsion button (); }}});