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      tldr; Texas Governor Greg Abbott signed House Bill 4488 (HB4488), which protects a proposed state Bitcoin reserve and other dedicated funds from automatic dissolution in 2025. The bill ensures that any Bitcoin reserve created outside the state treasury is safeguarded. However, the establishment of the Texas Strategic Bitcoin Reserve depends on the passage of Senate Bill 21 (SB21), which would authorize Texas to invest in Bitcoin and other cryptocurrencies with a market cap of at least $500 billion. Governor Abbott has until June 22 to act on SB21.

      *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

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