The Texas Strategic Bitcoin Reserve Bill (SB 21), initiated by Dennis Porter, is progressing with a second reading in the House on May 20, 2025, after being passed by the Senate on March 6, 2025. This bill aims to establish a state-managed Bitcoin reserve in Texas, marking a significant step toward government cryptocurrency adoption.
The reserve plans to fund investments in Bitcoin through various channels and requires transparent reporting, with management by the Texas Comptroller and advisory guidance. Analysts foresee shifts in state asset management, driven by the bipartisan support for the bill, indicating increased acceptance of Bitcoin.
If successful, Texas may become the third U.S. state to have a Bitcoin reserve, setting a precedent for broader governmental cryptocurrency adoption and influencing strategies in other states.
Full story here: https://coincu.com/338299-texas-bitcoin-reserve-bill-vote
