The timeline speaks for itself.
On June 3, 2025, BlackRock was removed from Texas’ “boycott” list after formally exiting several ESG and climate-focused investor coalitions. On April 4, the Texas Stock Exchange (TXSE) announced it had officially filed its Form 1 registration with the SEC marking its bid to become a fully operational national stock exchange.
BlackRock is a lead financial backer of TXSE. So is Citadel, the powerful hedge fund anchored in Chicago.
It’s been almost exactly one year since TXSE’s formation was first reported (June 5, 2024). In that time:
Political barriers in Texas have been neutralized
ESG affiliations were severed
Regulatory filings were timed down to the day
Chicago and New York have long defined American market power. But TXSE fueled by firms like BlackRock and Citadel now emerges from Dallas as a red-state alternative, just as regulatory and cultural battles over ESG hit a national crescendo.
BlackRock shed its climate credentials. Texas shed its blacklist. And now we have a new stock exchange filed for federal legitimacy.
Coincidence? Timing? Or the blueprint of a new financial order?
No allegations. Just a well-documented sequence worth following.