SB21法案
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🎉Texas Legislative Breakthrough: Lifting Bitcoin Purchase Limits and Advancing the Establishment of Unlimited State Bitcoin Reserves
Recently, Texas State Senator Charles Schwertner reintroduced a bill named "SB 21" that removes the previous annual limit of $500 million on Bitcoin purchases. If this proposal passes, it means Texas can make large-scale investments in Bitcoin and other eligible crypto assets.
The latest version of the bill was announced on February 12, replacing the previous SB 778 proposal. Compared to before, SB 21 not only removes the purchase limit but also expands the range of investments, allowing investments in crypto assets that have maintained a market capitalization of at least $500 billion in the past 12 months (currently only Bitcoin meets this condition).
Senator Schwertner stated on X: "Thanks to Lieutenant Governor Dan Patrick for listing SB 21 as one of the Senate's top 40 priority bills. This bill will make Texas the first state to establish a strategic Bitcoin reserve, promoting innovation, growth, and financial freedom!"
The previous SB 778 bill had restrictions on Bitcoin purchase amounts and strict regulations. However, SB 21 removes these restrictions, giving more control to financial experts rather than directly to state legislators. Pierre Rochard, Vice President of Research at Riot Platforms, also praised the new legislative text of SB 21, stating that the legislature could freely allocate funds to reserve BTC instead of the previous annual limit of $500 million.
Texas is one of 19 states in the U.S. assessing cryptocurrency legislation. Arizona and Utah have already advanced similar bills to the House committee level, while North Dakota has vetoed related legislation. North Carolina has recently also proposed a measure allowing the state to invest in Bitcoin exchange-traded products (ETPs).
In summary, the potential passing of the SB 21 bill in Texas, which removes purchase limits and expands the range of investments, marks the state's leading position in the cryptocurrency field. This move not only reflects Texas's positive attitude towards cryptocurrency investments but also indicates the increasing importance of Bitcoin in public financial policy strategies.
If Texas becomes the first state to establish a strategic Bitcoin reserve, what impact will it have on the cryptocurrency market?
#德克萨斯州 #比特币储备 #SB21法案
Recently, Texas State Senator Charles Schwertner reintroduced a bill named "SB 21" that removes the previous annual limit of $500 million on Bitcoin purchases. If this proposal passes, it means Texas can make large-scale investments in Bitcoin and other eligible crypto assets.
The latest version of the bill was announced on February 12, replacing the previous SB 778 proposal. Compared to before, SB 21 not only removes the purchase limit but also expands the range of investments, allowing investments in crypto assets that have maintained a market capitalization of at least $500 billion in the past 12 months (currently only Bitcoin meets this condition).
Senator Schwertner stated on X: "Thanks to Lieutenant Governor Dan Patrick for listing SB 21 as one of the Senate's top 40 priority bills. This bill will make Texas the first state to establish a strategic Bitcoin reserve, promoting innovation, growth, and financial freedom!"
The previous SB 778 bill had restrictions on Bitcoin purchase amounts and strict regulations. However, SB 21 removes these restrictions, giving more control to financial experts rather than directly to state legislators. Pierre Rochard, Vice President of Research at Riot Platforms, also praised the new legislative text of SB 21, stating that the legislature could freely allocate funds to reserve BTC instead of the previous annual limit of $500 million.
Texas is one of 19 states in the U.S. assessing cryptocurrency legislation. Arizona and Utah have already advanced similar bills to the House committee level, while North Dakota has vetoed related legislation. North Carolina has recently also proposed a measure allowing the state to invest in Bitcoin exchange-traded products (ETPs).
In summary, the potential passing of the SB 21 bill in Texas, which removes purchase limits and expands the range of investments, marks the state's leading position in the cryptocurrency field. This move not only reflects Texas's positive attitude towards cryptocurrency investments but also indicates the increasing importance of Bitcoin in public financial policy strategies.
If Texas becomes the first state to establish a strategic Bitcoin reserve, what impact will it have on the cryptocurrency market?
#德克萨斯州 #比特币储备 #SB21法案
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Texas Reserve Bill may bring billions in incremental funds, helping BTC reach new all-time highs?!
On May 21, Texas Bitcoin Reserve Bill SB21 passed the House in the third reading and is awaiting the governor's signature. If successfully signed, it will bring billions in purchasing power and long-term strategic impact to $BTC .
My judgment on the follow-up to this bill is that the probability of passing is as high as 90%.
About the ticket type:
Senate third reading vote 25:5, passed with high support.
House third reading vote 101:42, passed with high support.
About the governor: The governor is a Republican and crypto-friendly.
Governor Greg Abbott is a Republican who has served as governor since 2015 and has been re-elected multiple times. He stated that Texas should become a 'leader in cryptocurrency'; he has supported several bills related to cryptocurrency and blockchain, such as the bill passed in 2021 that recognized the legal status of cryptocurrency and promoted the development of blockchain technology. Texas has now become an important hub for Bitcoin mining and blockchain companies, partly due to Abbott's government policies, such as low taxes and a relaxed regulatory environment.
My judgment on the follow-up to this bill is that the probability of passing is as high as 90%.
About the ticket type:
Senate third reading vote 25:5, passed with high support.
House third reading vote 101:42, passed with high support.
About the governor: The governor is a Republican and crypto-friendly.
Governor Greg Abbott is a Republican who has served as governor since 2015 and has been re-elected multiple times. He stated that Texas should become a 'leader in cryptocurrency'; he has supported several bills related to cryptocurrency and blockchain, such as the bill passed in 2021 that recognized the legal status of cryptocurrency and promoted the development of blockchain technology. Texas has now become an important hub for Bitcoin mining and blockchain companies, partly due to Abbott's government policies, such as low taxes and a relaxed regulatory environment.
Texas Leads the Way: Senate Passes Historic Bitcoin Reserve Bill (SB 21)
The Lone Star State just made a bold move in crypto history
The Texas Bitcoin Reserve Bill (SB 21) has officially passed the state Senate with a 25-5 vote, marking the first state-level Bitcoin reserve in the United States. This groundbreaking legislation could set a precedent for other states to follow.
What Is the Texas Bitcoin Reserve Bill (SB 21)?
SB 21 proposes that Texas establish a state-held Bitcoin reserve, meaning the government would hold BTC as part of its financial assets. The goal? Diversification, economic resilience, and hedging against inflation.
Key aspects of the bill include:
✅ Texas will maintain a portion of its reserves in Bitcoin.
✅ Bitcoin holdings will be securely managed and custodied by the state.
✅ The reserve aims to strengthen Texas’ financial independence.
Why Does This Matter?
1️⃣ First-of-Its-Kind Legislation – No other U.S. state has taken this step, positioning Texas as a leader in Bitcoin adoption.
2️⃣ Boost for Institutional Legitimacy – A state government holding Bitcoin adds credibility to its role as a legitimate store of value.
3️⃣ Potential for Mass Adoption – Could this inspire other states to establish Bitcoin reserves? If Texas proves successful, others may follow.
4️⃣ Financial Hedge – With concerns over inflation and the U.S. dollar, Bitcoin could serve as a strategic reserve asset for the state.
What’s Next?
The bill now heads to the Texas House of Representatives for further consideration. If passed, Texas could officially begin accumulating Bitcoin, making history as the first U.S. state to do so.
Final Thoughts
Texas has always been a trailblazer, and this move solidifies its pro-crypto stance. If SB 21 becomes law, it could ignite a wave of state-level Bitcoin adoption across the country.
🚀 What do you think? Will other states follow Texas' lead? Drop your thoughts below
$BTC
$BTTC
$BNB
The Texas Bitcoin Reserve Bill (SB 21) has officially passed the state Senate with a 25-5 vote, marking the first state-level Bitcoin reserve in the United States. This groundbreaking legislation could set a precedent for other states to follow.
What Is the Texas Bitcoin Reserve Bill (SB 21)?
SB 21 proposes that Texas establish a state-held Bitcoin reserve, meaning the government would hold BTC as part of its financial assets. The goal? Diversification, economic resilience, and hedging against inflation.
Key aspects of the bill include:
✅ Texas will maintain a portion of its reserves in Bitcoin.
✅ Bitcoin holdings will be securely managed and custodied by the state.
✅ The reserve aims to strengthen Texas’ financial independence.
Why Does This Matter?
1️⃣ First-of-Its-Kind Legislation – No other U.S. state has taken this step, positioning Texas as a leader in Bitcoin adoption.
2️⃣ Boost for Institutional Legitimacy – A state government holding Bitcoin adds credibility to its role as a legitimate store of value.
3️⃣ Potential for Mass Adoption – Could this inspire other states to establish Bitcoin reserves? If Texas proves successful, others may follow.
4️⃣ Financial Hedge – With concerns over inflation and the U.S. dollar, Bitcoin could serve as a strategic reserve asset for the state.
What’s Next?
The bill now heads to the Texas House of Representatives for further consideration. If passed, Texas could officially begin accumulating Bitcoin, making history as the first U.S. state to do so.
Final Thoughts
Texas has always been a trailblazer, and this move solidifies its pro-crypto stance. If SB 21 becomes law, it could ignite a wave of state-level Bitcoin adoption across the country.
🚀 What do you think? Will other states follow Texas' lead? Drop your thoughts below
$BTC
$BTTC
$BNB
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