The Governor, who took office in 2015, has long been a crypto supporter. Back in 2014, he even invited "the bitcoin community" to his electoral campaign.
I just signed a law that puts virtual currency under the Texas Uniform Commercial Code to be a secured transaction.— Greg Abbott (@GregAbbott_TX) June 13, 2021
It defines virtual currency, establishes when a person acquires a right in it, and when a person has control of it.
Both chambers of the Republican-dominated legislature passed the "Virtual Currency Bill," recognizing the legal status of virtual currencies in May.