According to Crypto Rover, Texas Governor Greg Abbott has officially signed the Bitcoin Reserve Bill SB 21 into law, marking a significant milestone for institutional Bitcoin (BTC) adoption in the United States (source: Crypto Rover, June 22, 2025). This legislation mandates that certain financial reserves in Texas can now include Bitcoin, which is expected to drive increased institutional demand and potentially support upward price momentum for BTC. Traders are watching for a positive impact on Bitcoin's price action and increased U.S.-based institutional participation in the crypto markets.

According to Crypto Rover, Texas has officially signed the Strategic Bitcoin Reserve Bill (SB 21) into law, making it the third US state to establish a strategic Bitcoin (BTC) reserve. This legislative move is expected to provide significant institutional support for BTC, potentially increasing demand and reducing market volatility. Traders should monitor how Texas's Bitcoin acquisition plans impact spot and derivatives markets, as state-level accumulation of BTC could accelerate mainstream adoption and set a precedent for other states. Source: Crypto Rover on Twitter, June 21, 2025.

According to BTC Times, the Texas House has passed SB 21, legislation to establish a state Bitcoin reserve, with the bill now awaiting approval from Governor Greg Abbott. This development signals growing institutional adoption of Bitcoin by U.S. states, potentially increasing long-term demand and providing a bullish signal for traders. The move could influence other states to consider similar measures, adding further support to Bitcoin's position in the crypto market. Traders should closely monitor the approval process and subsequent announcements for short-term volatility and potential entry points. (Source: BTC Times, May 23, 2025)

According to @BTCTimescom, the Texas House has passed SB 21, a legislative bill aimed at creating a state-level Bitcoin reserve, and it now awaits approval from Governor Greg Abbott. This move positions Texas as a pioneering state in adopting Bitcoin for public financial reserves, signaling increased institutional acceptance of cryptocurrency in the United States. For traders, this development may enhance Bitcoin's perceived legitimacy and could drive increased demand and price stability, as government-backed reserves are viewed as long-term holders. The bill's progress is closely watched by the crypto community for its potential to trigger similar actions in other jurisdictions and impact Bitcoin's market dynamics. (Source: @BTCTimescom, Twitter, May 23, 2025)