Texas Advances Strategic Bitcoin Reserve: Governor Greg Abbott Champions Cryptocurrency Support

On May 23rd, COINOTAG News reported a significant development in cryptocurrency legislation as Satoshi Action Fund co-founder Dennis Porter highlighted Texas Governor Greg Abbott‘s promotion of an article concerning the newly proposed Strategic Bitcoin Reserve (SBR). This initiative, applauded for its forward-thinking approach, positions Texas as a trailblazer in the realm of digital currencies, with Abbott being recognized as a staunch advocate for crypto. The Strategic Bitcoin Reserve Bill, formally known as SB 21, has garnered notable legislative support, passing with a vote tally of 101 to 42. As the bill awaits the governor’s signature, its implementation could herald a transformative era in state finances, potentially setting a precedent for other jurisdictions exploring similar crypto-friendly policies.