Texas Senate Passes Groundbreaking Bitcoin Reserve Bill On March 6, 2025, the Texas Senate took a bold step toward embracing cryptocurrency by passing Senate Bill 21 (SB 21) with a decisive 25-5 vote. This legislation, now advancing to the Texas House, positions the Lone Star State as a potential pioneer in establishing a state-controlled Bitcoin reserve. If signed into law by Governor Greg Abbott, Texas could become the first U.S. state to formally integrate Bitcoin into its financial strategy.
Authored by Senator Charles Schwertner (R-Georgetown), SB 21 empowers the Texas Comptroller to acquire, manage, and invest in Bitcoin as a hedge against inflation and economic volatility. The reserve, funded through legislative appropriations and private donations, would operate outside the state treasury, offering flexibility in its management. Proponents argue that this move strengthens Texas’ economic resilience, likening Bitcoin to a modern-day digital gold.
The bill’s passage follows President Donald Trump’s recent executive order establishing a national Strategic Bitcoin Reserve, signaling a growing acceptance of cryptocurrency at both state and federal levels. As Texas awaits the House vote and gubernatorial approval, the nation watches closely—could this be the spark that ignites a broader movement?
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