Texas Establishes Bitcoin Reserve Fund, Creating the First State-Owned Crypto Fund in the U.S.

CoinRank News: Texas officially created the Bitcoin Reserve Fund, becoming the first government-managed cryptocurrency fund in U.S. history. The state senate recently passed SB 21 to promote the establishment of the fund. Lieutenant Governor Dan Patrick said the move is an important milestone in the development of cryptocurrency and is in line with President Trumps vision of making the United States a global leader in cryptocurrency. Texas is leading this change. According to the plan, the reserve fund will hold Bitcoin (BTC) and other top cryptocurrencies with a market value of more than $500 billion, and a newly established advisory committee will be responsible for supervising and guiding their development. This is not only a local strategic move, but also means that national cryptocurrency policies are gradually taking shape, which may have a profound impact on the overall digital asset regulatory framework in the United States.