$BTC Texas is one step away from creating an official Bitcoin reserve

As the momentum surrounding Bitcoin [BTC] adoption at the state level fluctuates across the United States, Texas is doubling down on its commitment.

While several states have cooled their enthusiasm following Donald Trump's proposal to create a federal Bitcoin reserve, Texas is moving forward.

Texas advances with the Bitcoin reserve bill

The Texas House of Representatives Government Efficiency Committee recently approved Senate Bill 21, a proposal to create a "Texas Strategic Bitcoin Reserve."

Now that the bill has been approved in the Senate, it only needs a vote from the entire House for Texas to become the first state to officially establish a Bitcoin reserve managed by the state comptroller.

In this regard, Pierre Rochard, CEO of The Bitcoin Bond Company, noted:

The Texas House of Representatives committee approved SB 21. The next steps are the vote of all members of the House and the governor's signature. It seems likely that Texas will have a Strategic Bitcoin Reserve; the big question is how many BTC will be acquired.

Initially introduced in January by Republican Senator Charles Schwertner as a BTC-exclusive measure, Senate Bill 21 then evolved to potentially accommodate other digital assets.

The revised version, reintroduced in February, reflects a broader approach to the state-level digital asset strategy.

Additionally, Bitcoin Laws founder Julian Fahrer highlighted that the fate of the bill will likely be decided before the Texas legislature adjourns on June 2.