List of Flash News about State Bitcoin Reserve
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2025-07-02 09:59 |
Texas Greenlights $10M Bitcoin (BTC) Reserve as Trump Pledges Clear Crypto Frameworks
According to @MilkRoadDaily, Texas has become the first U.S. state to establish a publicly funded, stand-alone Bitcoin (BTC) reserve after Governor Greg Abbott signed Senate Bill 21. The state has appropriated $10 million to purchase BTC for this reserve, signaling a strategic shift towards treating digital assets as long-term sovereign financial instruments. This development coincides with former President Donald Trump's recent pledge to work towards creating 'clear and simple' market frameworks for the crypto industry, as stated in a recorded video. He also highlighted efforts to pass legislation supporting dollar-backed stablecoins. From a trading perspective, these moves towards state-level adoption and potential federal regulatory clarity are significant bullish indicators for Bitcoin. Current market data shows Bitcoin (BTCUSDT) trading at $107,418.87, reflecting a 0.828% increase over 24 hours. Among major altcoins, Avalanche (AVAXBTC) has surged by 6.733%, while Solana (SOLBTC) experienced a slight dip of 1.570%. |