币界网报道：Peter Schiff, a prominent Bitcoin critic and gold advocate, has strongly criticized Texas for authorizing state-chartered banks to hold Bitcoin reserves, calling it "another example of why the Founding Fathers distrusted democracy." The Texas Banking Department recently updated its supervisory memorandum to allow banks to custody Bitcoin, a move Schiff argues undermines sound money principles. He warned that this decision could lead to financial instability, comparing it to the 2008 financial crisis caused by risky mortgage-backed securities. Schiff also took aim at Bitcoin supporters, accusing them of hypocrisy for advocating government involvement in crypto while criticizing it in other contexts. Texas' pro-crypto stance, including its mining-friendly policies and recent legislative moves, has positioned it as a leader in cryptocurrency adoption among U.S. states. This development comes as the SEC's approval of spot Bitcoin ETFs has increased institutional crypto adoption, despite ongoing regulatory scrutiny in the U.S.