Texas Governor Supports Bitcoin Strategic Reserve Act According to Cointelegraph, Texas Governor Greg Abbott expressed support for the bill to establish a Bitcoin strategic reserve in the state through his official X account. The bill SB 21 was passed by the state House of Representatives on May 21st and is currently awaiting signature by the governor. Abbott has publicly supported cryptocurrency legislation since 2021 and proposed to turn Texas into a 'crypto capital' in 2024. Texas is one of the few state governments to propose establishing a cryptocurrency reserve after the 2024 election. Previously, New Hampshire Governor Kelly Ayotte was the first to sign a similar bill on May 6th, and Arizona also passed new regulations on the disposal of unclaimed cryptocurrencies.