The Governor of Texas has signed the "Bitcoin Reserve Bill" SB 21, which has officially become law

BlockBeats News, June 22nd, according to Bitcoin Laws, Texas Governor Greg Abbott signed the "Bitcoin Reserve Bill" SB 21, making it officially a law.

Texas is now the third state to have a Bitcoin reserve.

Prior to this, Texas Lieutenant Governor Dan Patrick announced that the Texas Strategic Bitcoin Reserve Bill had received bipartisan support, which will create a fund managed by the state government and will only invest in a cryptocurrency with an average market value of at least $500 billion in the past 12 months and is eligible for state budget appropriations. In addition, the bill also establishes the Strategic Bitcoin Reserve Advisory Council to provide guidance for fund management and requires a biennial report on holdings.