Texas Governor Greg Abbott has reignited speculation about his support for a state-managed Bitcoin reserve, following a public post on X referencing legislative efforts around the Strategic Bitcoin Reserve (SBR) bill.
On May 23, Abbott shared a news article covering the bill’s progress, along with a broader discussion of Texas’s push to become a national leader in digital asset innovation. The move is being interpreted by many as a signal of tacit endorsement for the initiative.
The SBR bill proposes that the State of Texas hold a portion of its treasury in BTC, effectively treating the cryptocurrency as a strategic reserve asset alongside traditional holdings.
Supporters argue that such a move could help hedge against dollar debasement, attract further blockchain investment, and solidify Texas as a pro-Bitcoin economic stronghold.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/texas-governor-signals-support-for-state-held-bitcoin-reserve/