According to Crypto Slate, Texas Governor Greg Abbott said that he is open to bitcoin business, and he hopes to make the state "the core of bitcoin innovation" and encourage bitcoin-related entities to settle in Texas to obtain Business convenience and reduced regulatory friction. Greg Abbott said that Texas has formed a task force focused on improving existing laws that will "provide a platform for people involved in blockchain, Bitcoin." According to the results of a recent SmartAsset study of crypto-friendly regions in the U.S., Texas tied with New Jersey for fourth place behind Nevada, Florida, and California.