Key Takeaways
- Texas lawmakers are reviewing Senate Invoice 21 to determine a state-managed Bitcoin reserve.
- The invoice is a part of Texas’ broader crypto-friendly insurance policies, probably making it the third US state to determine a Bitcoin reserve.
Share this text
The Texas Home of Representatives will maintain a key studying of Senate Invoice 21 (SB 21), shifting the state one step nearer to making a government-managed Bitcoin reserve, in accordance with an replace on the invoice’s official web page.
Dennis Porter, co-founder and CEO of the Satoshi Motion Fund, stated in a Saturday assertion that the second studying is “the mandatory step” earlier than a ultimate vote, provided that the Texas legislature adjourns in lower than two weeks, leaving a slim window to get the invoice throughout the end line.
STRATEGIC BITCOIN RESERVE IN TEXAS IS ON THE MOVE!
The 2nd studying is coming Could twentieth which is the mandatory step earlier than it goes for the ultimate home flooring vote.
Time is working out. The legislature will adjourn two weeks later! pic.twitter.com/mn0LHaKylL
— Dennis Porter (@Dennis_Porter_) Could 17, 2025
If SB 21 clears this studying within the Home, it’s anticipated to maneuver shortly to a 3rd studying and ultimate flooring vote. If handed, the invoice will go to the governor’s desk for signature.
The proposed laws has already cleared two main hurdles, passing the Texas Senate in a 25–5 vote on March 6 and advancing by the Home Committee in a 9–4 vote on Could 7, with no amendments.
SB 21, titled the Texas Strategic Bitcoin Reserve and Funding Act, is authored by Senator Charles Schwertner and sponsored within the Home by Consultant Giovanni Capriglione. It might authorize the state to purchase, maintain, and handle Bitcoin as a part of a government-run reserve.
The initiative is designed to deal with Bitcoin as a strategic monetary asset—one that would function a hedge in opposition to inflation and financial volatility, whereas enhancing the state’s long-term monetary resilience.
The reserve can be funded by a mixture of legislative appropriations, funding earnings, and voluntary donations from Texas residents. It might additionally embrace any Bitcoin or different qualifying crypto property acquired through forks or airdrops.
Nonetheless, the invoice units strict eligibility standards: any digital asset acquired for the reserve should have maintained a market capitalization of a minimum of $500 billion over the previous 12 months, a threshold presently met solely by Bitcoin.
If enacted, Texas would turn into the third U.S. state to determine a proper Bitcoin reserve, becoming a member of New Hampshire and Arizona.
New Hampshire grew to become the primary US state to create a strategic Bitcoin reserve after the passage of Home Invoice 302 (HB 302) on Could 6.
Share this text
