In the past week, although the focus has still been on geopolitical conflicts, it did not prevent Texas Governor Greg Abbott from signing the Bitcoin Reserve Bill SB 21 into law.

Moreover, Texas's bill is completely different from those of the other two states and is the most beneficial for investor sentiment. Texas will allocate $10 million for the purchase of $BTC, serving as the initial funding for the reserve fund, and has established an independent management structure and advisory committee, emphasizing transparency and legal protection.

In contrast, while Arizona and New Hampshire have also passed related legislation, their measures regarding funding, management structure, and transparency are relatively limited.

However, there is a downside: Texas has currently only approved a purchase amount of $10 million and has not continued with additional legislation. If the $10 million is exhausted and there is a desire to continue purchasing, new legislation will be required. Although it is not perfect, it is still a historic advancement.

The United States is no longer just about the president's interest in cryptocurrency; various states are also establishing strategic reserves, which is likely a major reason why most investors are unwilling to exit the market.

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