Texas Governor Signs HB 4488 to Protect State Bitcoin Reserve as Permanent Fund

PANews
2025/06/21 09:22
FUND
FUND$0,023-5,73%
Housecoin
HOUSE$0,024821-16,43%

PANews reported on June 21 that according to Crypto Briefing, Texas Governor Greg Abbott passed House Bill No. 4488 (HB 4488), which aims to protect specific state government funds, including any Bitcoin reserves created outside of state finances, from being included in general revenue. The bill exempts the reserve fund and other special funds from the obligation to automatically dissolve in 2025.

Texas Governor Greg Abbott has yet to make a decision on Senate Bill 21 (SB21). The bill would authorize Texas to invest in Bitcoin and other crypto assets with a market value of at least $500 billion. Currently, only Bitcoin meets this threshold.

Greg Abbott has until June 22 to sign or veto SB21, which was submitted to him on June 1. Because the bill was submitted near the end of the legislative session, under Texas law he must act within 20 days of the adjournment.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Wyoming Stablecoin WYST Plans to Go Live on August 20

Wyoming Stablecoin WYST Plans to Go Live on August 20

PANews reported on June 21 that according to The block, the Wyoming Stable Token Committee is a government-backed organization responsible for developing the WYST stablecoin. According to its latest monthly
THENA
THE$0,265+3,27%
A
A$0,5068-1,18%
TokenFi
TOKEN$0,0133-5,13%
Share
PANews2025/06/21 08:10
Ethereum spot ETF had a net outflow of $11.3444 million yesterday, and only BlackRock ETF ETHA achieved net outflow

Ethereum spot ETF had a net outflow of $11.3444 million yesterday, and only BlackRock ETF ETHA achieved net outflow

PANews reported on June 21 that according to SoSoValue data, the total net outflow of Ethereum spot ETF was US$11.3444 million yesterday (June 20, Eastern Time). The Ethereum spot ETF
THENA
THE$0,265+3,27%
A
A$0,5068-1,18%
SpotSquad
SPOT$0,00000000001558-59,32%
Wasder
WAS$0,0000524-4,55%
Time
TIME$0,00001926-8,41%
Share
PANews2025/06/21 12:02
A whale borrowed 10 million USDC from Aave 4 hours ago and bought 4,170 ETH again

A whale borrowed 10 million USDC from Aave 4 hours ago and bought 4,170 ETH again

PANews reported on June 21 that according to Lookonchain monitoring, 4 hours ago, whale 0x7055 borrowed $10 million USDC from Aave and bought 4,170 ETH at about $2,400 again. The
THENA
THE$0,265+3,27%
A
A$0,5068-1,18%
AaveToken
AAVE$247,28-4,12%
Ethereum
ETH$2 427,6-4,37%
USDCoin
USDC$0,9998--%
Share
PANews2025/06/21 10:59

Trending News

More

Wyoming Stablecoin WYST Plans to Go Live on August 20

Ethereum spot ETF had a net outflow of $11.3444 million yesterday, and only BlackRock ETF ETHA achieved net outflow

A whale borrowed 10 million USDC from Aave 4 hours ago and bought 4,170 ETH again

Bitcoin spot ETF had a net inflow of $6.3658 million yesterday, continuing its net inflow for 9 consecutive days

A whale/institution that made a profit of $30.45 million through two ETH waves bought 30,000 ETH in the last 8 hours