According to Coindesk reported by ChainCatcher, Texas Governor Greg Abbott has signed Senate Bill 21, officially establishing the first state-level Bitcoin reserve supported by public funds in the United States. Texas will allocate $10 million to purchase Bitcoin, which differs from Arizona and New Hampshire's approach of merely authorizing without funding. The accompanying bill HB 4488 also stipulates that the reserve cannot be diverted for general fiscal revenue.
Texas signs bill to establish Bitcoin reserve, prepares to buy $10 million in Bitcoin
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