In the grand theater of Texas politics, the curtain is about to rise on the final act of the Strategic Bitcoin Reserve bill. The state’s lawmakers, with a flair for the dramatic, have just passed the second reading with an overwhelming bipartisan ovation, setting the stage for the third and final vote.
Crypto influencer Scott Melker, a regular at the X platform, announced that the bill received a standing ovation in the Texas House. The reserve, if signed into law, will be managed by the Texas Comptroller of Public Accounts, a role that promises to be as thrilling as a night at the opera. Dennis Porter, CEO of SatoshiActFund, confirmed that the third reading is expected to take place within a day, adding a touch of suspense to the proceedings.
MAJOR BREAKING: TEXAS PASSES STRATEGIC BITCOIN RESERVE LEGISLATION IN CRUCIAL HOUSE VOTE.
LIKELY TO BE THE THIRD STATE TO SEND SBR LEGISLATION TO THE GOVERNOR’S DESK.
— Dennis Porter (@Dennis_Porter_) May 20, 2025
If the bill is enacted, Texas will join the ranks of Arizona and New Hampshire as the third U.S. state to hold Bitcoin reserves. This decision was sparked by a presidential decree from the one and only Donald Trump, who, in March, signed an order to establish a national Bitcoin Reserve. This move has ignited a wave of interest among other states, with Utah, Oklahoma, and Kentucky now drafting their own versions of the bill.
Meanwhile, the world watches with bated breath. A Ukrainian politician has proposed creating the EU’s first Bitcoin Reserve, with the support of Binance, adding a touch of international flair to the story. And in a twist worthy of a Chekhovian plot, UFC star Conor McGregor is reportedly developing an Irish Bitcoin Reserve and plans to meet with El Salvador’s President Nayib Bukele, a man who has already made headlines with his own Bitcoin initiatives.
The price of Bitcoin, now a staggering $107,000, has been buoyed by the growing demand from governments. As the final vote looms, Texas may well become the first state to integrate Bitcoin into its financial bloodstream, a move that could redefine the landscape of state finances.
As the final act approaches, the eyes of the world are on Texas, waiting to see if it will take the lead in this new chapter of financial history. 🚀
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2025-05-21 08:41