According to Crypto Rover, Texas has officially signed the Bitcoin Reserve into law, allowing the state to purchase unlimited amounts of Bitcoin (BTC) without any cap, as reported on June 23, 2025 (source: @rovercrc on Twitter). The law mandates that all BTC holdings must be stored in cold storage with regulated custodians, ensuring enhanced security. Importantly, the law stipulates that Bitcoin can only be sold to cover short-term cash gaps, preventing unnecessary liquidations. This regulatory move is widely considered bullish for the cryptocurrency market, as it signals strong institutional support and could drive increased demand for BTC, potentially impacting global crypto prices.

According to Crypto Rover, Texas has officially signed a law safeguarding off-treasury Bitcoin (BTC) reserves, marking a significant step for crypto asset protection at the state level (source: Crypto Rover, Twitter, June 21, 2025). Traders should note that a decision on SB21, which could authorize state-level Bitcoin purchases, is expected by June 22. This move signals increasing institutional adoption and could boost BTC trading volumes and market confidence in the United States. Market participants should watch for volatility and potential price movements tied to the SB21 decision deadline.