In a landmark move for the cryptocurrency industry, the Texas State Assembly has passed the Strategic Bitcoin Reserve Bill (SB 21), positioning the state to become the first in the U.S. to officially hold Bitcoin ($BTC ) as part of its treasury reserves. The bill, approved during the legislature's second session, now awaits the signature of the governor to be enacted into law.
If signed, SB 21 will grant the Texas state government the authority to establish a Bitcoin reserve by allocating public funds for the direct purchase of the digital asset. This initiative aims to use Bitcoin as a strategic hedge against economic volatility and monetary uncertainty.
Texas’ adoption of a Bitcoin reserve would mark a historic milestone, not only for state-level crypto policy but also for broader institutional acceptance of digital assets. The move is expected to encourage other states to reassess their cryptocurrency strategies. While states such as Florida and Wyoming have previously adopted crypto-friendly regulations, Texas’ decision to invest directly from its treasury would represent an unprecedented level of commitment.
Analysts view this development as potentially transformative, both symbolically and practically, signaling a shift in how governments perceive and utilize decentralized financial instruments. Should the governor sign SB 21 into law, it could catalyze a wave of similar initiatives across the United States and internationally.
