On May 23rd, Abbott publicly posted an article about the bill’s advancement and also delved into Texas’s ambition to spearhead digital asset innovation on a national level. This action is generally seen as a subtle indication of support for the project by many observers.
The SBR bill suggests that Texas could keep some of its financial reserves in Bitcoin (BTC), thereby considering it as a strategic reserve asset, just like their conventional assets.
Advocates believe that making this decision might serve several purposes, including protecting against the weakening of the U.S. dollar, drawing more investment in blockchain technology, and strengthening Texas’s reputation as a Bitcoin-friendly economic powerhouse.
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2025-05-23 23:22