Texas Strategic Bitcoin Reserve Bill Advances Toward Final Approval

The post Texas Strategic Bitcoin Reserve Bill Advances Toward Final Approval appeared first on Coinpedia Fintech News The Texas House of Representatives has cleared the second reading of the Strategic Bitcoin Reserve Bill ( SB 21 ), moving the state one step closer to officially entering the crypto space. The bill seeks to create the “Texas Strategic Bitcoin Reserve,” which would allow the state to invest in Bitcoin as part of its financial strategy. With the Senate already on board, the proposal now awaits the governor’s final approval. The 8th largest economy in the world will now be allowed to buy Bitcoin. This is indeed a bullish start! BREAKING: Texas has just passed the Texas Strategic #Bitcoin Reserve and Investment Act, allowing the state to invest in $BTC . The bill now awaits Governor’s approval to become law. pic.twitter.com/ybIAAjOEgE — Bitcoin.com News (@BTCTN) May 20, 2025 .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Breaking: SEC Charges America’s First Crypto Company in $100 Million Crypto Scam , Laying the Groundwork While SB 21 doesn’t specify how much Bitcoin the state will purchase, it sets up the legal foundation to begin. According to the Texas Blockchain Council, the bill is scheduled for a vote in the House and, if passed, will mark a historic move toward Bitcoin adoption at the state level. Texas is following in President Trump’s footsteps by calling for a national Bitcoin reserve . However, other states like New Hampshire and Arizona have already passed similar measures, beating Texas in the race to lead U.S. crypto integration. What’s Next? Lee Bratcher of the Texas Blockchain Council told Axios that while SB 21 sets up the reserve, separate legislation is being prepared to decide how much Bitcoin the state will actually allocate to the fund. That decision, however, remains pending. 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SB 21 creates a legal framework for Texas to invest in Bitcoin as part of its financial strategy, pending governor’s approval. What’s the significance of Texas buying Bitcoin? As the 8th largest economy, Texas entering Bitcoin investment would be a major move, solidifying its pro-crypto stance. Which cryptocurrencies are eligible for Texas’s reserve? Bitcoin and others with a $500B market cap sustained over 24 months are eligible. Who will manage Texas’s Bitcoin reserve? The Texas Comptroller will oversee the reserve, with guidance from an advisory committee.