According to Crypto Rover, the Texas Bitcoin Reserve Bill has passed its final revision in the state Senate and is now awaiting the governor’s signature, signaling a major bullish catalyst for Bitcoin and the wider crypto market. The bill, if signed into law, is expected to require the state to hold Bitcoin as part of its reserve assets, potentially increasing institutional demand and setting a national precedent for crypto adoption in state treasuries. Traders should monitor potential price surges and increased volatility as institutional flows may accelerate following the bill's enactment (Source: Crypto Rover on Twitter, May 31, 2025).

According to Cas Abbé on Twitter, the Arizona Bitcoin Reserve Bill has successfully passed both the House and Senate, and now requires only the Governor's signature to become law. If signed, the state of Arizona will begin allocating 10% of its new financial reserves into Bitcoin (BTC), marking a significant institutional move to adopt cryptocurrency as a reserve asset. This legislative development introduces increased demand for BTC and may positively impact market liquidity and price action, especially as institutional adoption trends gain momentum. Source: Cas Abbé on Twitter, April 29, 2025.