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In what is a landmark development for the cryptocurrency industry, the Texas House of Representatives has officially passed a strategic Bitcoin Reserve bill. Indeed, SB 21 will see the United States officially create a BTC reserve if it is signed into law by the state’s governor, Greg Abbott The bill had passed Wednesday by a vote of 101-42 as it took the next step to becoming state law. Specifically, it will reach Abbott’s desk, to which he will either grant his signature or veto the legislation. If it passes, Texas will join Arizona and New Hampshire as the only states with laws enacted allowing the formation of a strategic Bitcoin Reserve. JUST IN: Texas House officially passes Strategic Bitcoin Reserve Bill SB21. — Watcher.Guru (@WatcherGuru) May 21, 2025 Also Read: Bitcoin to $135k: Why BTC May Be Headed For a Major Surge Strategic Bitcoin Reserve Bill Passes in Texas House as it Heads to Governor’s Desk As the United States approaches its Memorial Day, it has al...

Hopes of a US Strategic Bitcoin Reserve took another knock this weekend after Donald Trump’s surprise executive order about a non-bitcoin US Sovereign Wealth Fund. At the press conference covering the order’s signing, pro-Tether Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent told the president that they would explore warrants, equity, and other non-bitcoin investments in their proposal for his requested fund. Trump’s order made no mention of bitcoin (BTC) or digital assets. Worse, his son Eric tweeted that he actually preferred ether (ETH) over BTC at that time. In my opinion, it’s a great time to add $ETH. — Eric Trump (@EricTrump) February 3, 2025 Eric Trump pumped ETH for the US Sovereign Wealth Fund press conference. Dwindling chances of a US Strategic Bitcoin Reserve The disappointment of US Sovereign Wealth Fund political leaders paying no attention to BTC only added insult to injury. In January, rather than creating a...

The cryptocurrency market got a brand new look this year with Donald Trump taking over the US government. The President seems to be getting things done just days after he was sworn in. More recently, Trump signed an executive order to create the Presidential Working Group on Digital Asset Markets. To further stoke suspicions about a possible Bitcoin reserve, the working committee will also assess the establishment of a strategic Bitcoin reserve. Amidst this, the community was highlighting how several countries may soon follow suit. Also Read: BNB Foundation Burns $1.16 Billion in Tokens: What It Means for Investors “Bitcoin Is A Better Form Of Money” Source: Watcher Guru Earlier today, Coinbase’s Brian Armstrong was seen underlining the possibility of G20 nations walking in the footsteps of the US to create a strategic Bitcoin reserve. Armstrong noted how Bitcoin’s market cap currently stands around $2 trillion. This accounts for about 11% of gold’s market ...