Texas Governor Signs HB 4488 to Protect State Bitcoin Reserve as Permanent Fund
PANews reported on June 21 that according to Crypto Briefing, Texas Governor Greg Abbott passed House Bill No. 4488 (HB 4488), which aims to protect specific state government funds, including any Bitcoin reserves created outside of state finances, from being included in general revenue. The bill exempts the reserve fund and other special funds from the obligation to automatically dissolve in 2025.
Texas Governor Greg Abbott has yet to make a decision on Senate Bill 21 (SB21). The bill would authorize Texas to invest in Bitcoin and other crypto assets with a market value of at least $500 billion. Currently, only Bitcoin meets this threshold.
Greg Abbott has until June 22 to sign or veto SB21, which was submitted to him on June 1. Because the bill was submitted near the end of the legislative session, under Texas law he must act within 20 days of the adjournment.
You May Also Like
Trump’s SOTU Tariff Claim: The Surprising Catalyst Behind America’s Economic Resurgence
Nubank plans stablecoin integration for credit card transactions
Nubank Vice-Chairman Roberto Campos Neto said the bank will test stablecoin credit card payments, as adoption of stablecoins accelerates across Latin America. Nubank, Latin America’s largest digital bank, is reportedly planning to integrate dollar-pegged stablecoins and credit cards for payments.The move was disclosed by the bank’s vice-chairman and former governor of Brazil’s central bank, Roberto Campos Neto. Speaking at the Meridian 2025 event on Wednesday, he highlighted the importance of blockchain technology in connecting digital assets with the traditional banking system. According to local media reports, Campos Neto said Nubank intends to begin testing stablecoin payments with its credit cards as part of a broader effort to link digital assets with banking services.Read more
