Authored by Will Hild via The Center Square,
As the Texas Stock Exchange begins its launch, Texans have every reason to celebrate. Soon, the TXSE will join Nasdaq Texas as a fully functioning venue, and the NYSE has signaled a strong commitment to Texas as well. It is clear that Texas is emerging as a serious challenger to New York as the nation's financial capital.
Texas Gov. Greg Abbott rings the Closing Bell of the New York Stock Exchange (NYSE) in celebration of the launch of NYSE Texas in Arlington, Aug. 20, 2025. Photo: Texas Office of the Governor via Facebook / Used with PermissionTexas earned this moment by embracing lower taxes, lighter regulation, and, perhaps most importantly, better governance laws and more favorable proxy rules designed to make the state the best place in America to do business.
But Texans should remember why those reforms became necessary.
For years, some of Wall Street's largest financial institutions embraced Environmental, Social, and Governance (ESG) activism, using their enormous influence to pressure companies on political
