According to @RealDigitalRay, Texas is set for a second reading in the House on a bill proposing the establishment of a Strategic Bitcoin Reserve, following similar initiatives in New Hampshire and Arizona (source: Twitter/@RealDigitalRay, May 20, 2025). Traders should note that state-level adoption of Bitcoin reserves signals growing institutional interest in cryptocurrency, which could boost Bitcoin liquidity and price stability. The legislative progress in major US states may increase investor confidence and accelerate mainstream crypto integration, potentially impacting trading volumes and volatility in the crypto market.

According to Crypto Rover, the Texas House will review SB21 for the final approval of its Bitcoin reserve this week. If approved, Texas could become the first US state with an official Bitcoin reserve, signaling institutional adoption and potentially driving increased investor confidence and trading volumes in the cryptocurrency market. This legislative move could also encourage similar crypto reserve policies in other states, further impacting Bitcoin price dynamics and market sentiment. Source: Crypto Rover on Twitter, May 18, 2025.