Legislators from Texas House of Representatives have voted overwhelming to approve Senate Bill 21 (SB 21), which allows establish a bitcoin reserve Is managed by the state’s controls and investments in selected digital currencies.
The legislation would enable the control to invest in all digital assets with a market value over $ 500 billion during the previous 12-month period. Currently, the only asset that fits this description is Bitcoin.
Authored by Republican Senator Charles Schwertner from Georgetown in February 2025, SB 21 passed of the Texas Senate in a March 6 vote on 25-5, after which it continued to a house vote. The bill eventually passed the house at its third treatment in a vote on 101-42 and will now go to Texas Governor Greg Abbott to either log in in law or veto.
However, the latter scenario seems unlikely since the governor was previously correct to support the digital asset space so they want to do Texas A digital asset hub. After hosting the Texas Blockchain Conference in October 2021, Abbot Posted on X that the state “will be No. 1 for blockchain & cryptocurrency.”
If the governor makes rubber stamp SB 21, Texas will be the third US state passing the Bitcoin Reserve legislation, as in the footsteps in New Hampshire and Arizona.
In accordance with to digital asset legislation tracking site bitcoin laws, 47 Strategic Bitcoin Reserve bills has also been introduced in 26 states, with 13 active bills at federal level.
This nationwide movement against the Bitcoin Reserve is very much in line with government policy since the re -election of US President Donald Trump in November 2024.
After taking office in January, Trump began a process to turn the United States into a more hospitable environment for digital assets including turning so -called crypto-donors , Install crypto-advocates in important regulatory positions– While hammering of other supervisory authorities – and making a strategic bitcoin reserve.
On March 7, Trump officially announced the US to create a Strategic Bitcoin Reserve through an executive order entitled “Establishment of the strategic Bitcoin Reserve and the US digital asset storage.“
The order introduced the idea of a strategic reserve exclusively for BTC – addressing of Concerns from some industry supporters When Trump first Started A digital asset reserve on March 2 that would include XRP, SOL and ADA – as well as introducing the concept of a “digital asset storage”, which will consist of various cryptocurrencies.
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