On Wednesday, May 21, 2025, the Texas state legislature passed SB 21, creating a state Bitcoin reserve. After the third reading in the Legislative House, the act passed by a vote of 101–42 and is now on Governor Greg Abbott's desk, whose signature is needed for the provisions to take effect.
If Governor Abbott approves SB 21, Texas will become the second state in the USA – after New Hampshire – to maintain cryptocurrency reserves at the public level.
Following the New Hampshire initiative, the law provides for the possibility of including other tokens in the reserve, provided that their market capitalization remains at least 500 billion USD for 24 months.
The passage of SB 21 is further evidence of the growing support for pro-cryptocurrency regulations in the USA, also visible in the recent success of the GENIUS bill. If the trend continues, more states may follow Texas and New Hampshire, creating their own digital asset reserves.