Texas Passes Strategic Bitcoin Reserve Bill, Awaits Governor’s Signature
In a groundbreaking development for the crypto industry, the Texas State Assembly has passed the Strategic Bitcoin Reserve Bill (SB 21), potentially making Texas the first U.S. state to hold Bitcoin ($BTC ) in its official treasury reserves. Approved during the legislature's second session, the bill now moves to the governor’s desk for final approval.
If signed into law, SB 21 will authorize the state government to allocate public funds to directly purchase Bitcoin, establishing a state-held reserve. The measure is designed to position Bitcoin as a strategic hedge against economic instability and monetary uncertainty.
This initiative represents a historic leap in state-level crypto policy and could significantly boost institutional confidence in digital assets. While states like Florida and Wyoming have championed crypto-friendly frameworks, Texas’ move to invest state treasury funds directly into Bitcoin would be a first-of-its-kind commitment.
Market analysts see the passage of SB 21 as a potentially transformative moment—both symbolically and practically—in how government entities view decentralized finance. If signed, the bill could inspire similar legislation in other U.S. states and beyond.
As the crypto landscape evolves, Texas may soon lead the way in integrating digital assets into public finance.
