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strategic bitcoin reserve

Trump and Abbott
President Donald Trump shakes hands with Texas Gov. Greg Abbott after Trump signed an executive order to reduce the size and scope of the Education Department during a ceremony in the East Room of the White House on March 20, 2025 in Washington, D.C. (Chip Somodevilla / Getty Images)

Inspired by Trump, Texas first to fund state ‘strategic’ bitcoin reserve

Texas is the first state to fund a "strategic" bitcoin reserve, but its small size and limited uses paint the act as a publicity stunt.
Katie Hobbs
Arizona Gov. Katie Hobbs speaks during the Harris-Walz Campaign Election Eve rally and concert at the Celebrity theater in Phoenix, Arizona, on November 4, 2024. (Patrick T. Fallon / AFP via Getty Images)

Arizona governor vetoes state bitcoin reserve

Arizona Gov. Katie Hobbs said Arizonans' retirement funds are "not the place for the state to try untested investments."
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