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.
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The Texas Home of Representatives will maintain a key studying of Senate Invoice 21 (SB 21), transferring the state one step nearer to making a government-managed Bitcoin reserve, in response to 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, provided that the Texas legislature adjourns in lower than two weeks, leaving a slender 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 flooring 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 rapidly to a 3rd studying and remaining 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 means of 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 would function a hedge in opposition to inflation and financial volatility, whereas enhancing the state’s long-term monetary resilience.
The reserve could be funded by means of a mixture of legislative appropriations, funding earnings, and voluntary donations from Texas residents. It could additionally embrace any Bitcoin or different qualifying crypto property obtained through forks or airdrops.
Nonetheless, the invoice units strict eligibility standards: any digital asset acquired for the reserve will need to have maintained a market capitalization of a minimum of $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 determine 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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