Abbott’s track record includes signing several digital asset-related bills and actively courting Bitcoin mining firms to operate in Texas.
“He’s definitely signing SBR into law.”
The bill authorizes the state comptroller to purchase Bitcoin using surplus General Revenue. These purchases would follow a reporting structure similar to that used for the state’s gold holdings. However, actual acquisition would not begin until procurement rules are set and storage contracts are finalized.
Under the proposed law, only assets with a market cap exceeding $500 billion for two consecutive years would qualify for inclusion. Currently, only Bitcoin meets this criterion.
