Key Takeaways
- Texas lawmakers are reviewing Senate Invoice 21 to ascertain 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 ascertain a Bitcoin reserve.
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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 line with an replace on the invoice’s official page.
Dennis Porter, co-founder and CEO of the Satoshi Motion Fund, mentioned in a Saturday assertion that the second studying is “the mandatory step” earlier than a remaining vote, on condition 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 Might twentieth which is the mandatory step earlier than it goes for the ultimate home ground vote.
Time is operating out. The legislature will adjourn two weeks later! pic.twitter.com/mn0LHaKylL
— Dennis Porter (@Dennis_Porter_) May 17, 2025
If SB 21 clears this studying within the Home, it’s anticipated to maneuver shortly to a 3rd studying and remaining ground 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 Might 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 could 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 might 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 could additionally embrace any Bitcoin or different qualifying crypto property acquired by way of forks or airdrops.
Nevertheless, the invoice units strict eligibility standards: any digital asset acquired for the reserve will need to have maintained a market capitalization of at the very least $500 billion over the previous 12 months, a threshold at the moment met solely by Bitcoin.
If enacted, Texas would turn into the third U.S. state to ascertain a proper Bitcoin reserve, becoming a member of New Hampshire and Arizona.
New Hampshire turned the primary US state to create a strategic Bitcoin reserve after the passage of House Bill 302 (HB 302) on Might 6.
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