• HB4488 protects Texas state funds, including a potential Bitcoin reserve, from revenue sweeps.
• SB21 decision due June 22 will authorize Texas to invest in Bitcoin and large-cap crypto assets.
• Texas could follow Arizona as a state with a legally protected Bitcoin reserve fund.

Texas Governor Greg Abbott has enacted House Bill 4488 (HB4488), a measure intended to protect specific state funds, including any Bitcoin reserve established outside the state treasury. This legislation prevents these allocated funds from being put into the state’s general revenue pool, ensuring their financial separation and protection.

Beyond the possible Bitcoin reserve, HB4488 explicitly identifies several funds for legal protection. These include the Texas Advanced Nuclear Development Fund and the Gulf Coast Protection Account. The…

The post Texas Bitcoin Reserve Protected by New Law; Investment Decision from Governor Awaits appeared first on Coin Edition.

• HB4488 protects Texas state funds, including a potential Bitcoin reserve, from revenue sweeps.
• SB21 decision due June 22 will authorize Texas to invest in Bitcoin and large-cap crypto assets.
• Texas could follow Arizona as a state with a legally protected Bitcoin reserve fund.

Texas Governor Greg Abbott has enacted House Bill 4488 (HB4488), a measure intended to protect specific state funds, including any Bitcoin reserve established outside the state treasury. This legislation prevents these allocated funds from being put into the state’s general revenue pool, ensuring their financial separation and protection.

Beyond the possible Bitcoin reserve, HB4488 explicitly identifies several funds for legal protection. These include the Texas Advanced Nuclear Development Fund and the Gulf Coast Protection Account. The…

The post Texas Bitcoin Reserve Protected by New Law; Investment Decision from Governor Awaits appeared first on Coin Edition.