Just as the traditional financial system falls into a trust crisis, Texas quietly presses a 'digital signal bomb'—**the Strategic Bitcoin Reserve Bill (SB 21) is approaching its final stage. Once signed into law, Texas will become the third state in the U.S. to directly bind public finance to BTC assets, which not only represents a breakthrough in local policy but may also open a new paradigm of 'crypto sovereign asset allocation.'**



1. 20-day countdown: the significant meaning behind a bill


On May 21, the Texas House of Representatives passed the SB 21 bill with a vote of 101 in favor and 42 against. Next, the bill will return to the Senate for a confirmation vote on the amendments. If it passes smoothly, it will be submitted to Governor Greg Abbott's desk.


According to U.S. state-level legislative procedures:


  • The governor will have 20 days to sign or veto the bill;


  • If no action is taken within 20 days, the bill will automatically take effect on the first working day following the deadline.



This means that, starting today, Texas has entered a countdown to the 'strategic Bitcoin reserve era.' Mlion.ai's policy tracking system shows that the probability of this bill passing has now risen to 82%, becoming one of the most closely watched local legislations in the recent evolution of U.S. crypto policy.



2. 'Fiscal Surplus + Digital Gold': BTC enters the state treasury


The core logic proposed by the SB 21 bill is very clear: to invest part of the fiscal surplus funds into Bitcoin and manage it according to the existing gold reserve mechanism.


Specific contents include:


  • The auditor general can use surplus budget funds to purchase BTC;


  • BTC must be stored in Texas or in areas within the U.S. that legally recognize BTC as property;


  • Quarterly disclosures of acquisition timing, quantity, and cost basis;


  • Aligning with the state government's gold reserve reporting system;


  • No specific dollar amount will be set, but prudent custody and regulatory transparency must be ensured.



This means that Bitcoin's role in Texas is not just a 'digital investment target' but has strategic value at the level of reserve assets.


Mlion.ai's asset risk hedging model shows that against the backdrop of rising U.S. Treasury yields and frequent fluctuations in U.S. dollar credit, Bitcoin's 'sovereign hedge' characteristics are strengthening, and the policy recognition of BTC has significantly increased.



3. Texas 'overtakes': from mining province to financial testing ground


Notably, Texas is already the largest Bitcoin mining state in the U.S., with abundant renewable energy resources and a friendly electricity pricing policy, having already attracted a large number of mining farms and on-chain enterprises.


The bill's proponent, Representative Giovanni Capriglione, stated in the chamber:



'Today marks a key moment for us to solidify Texas's leadership in the digital age. We are embracing a modern asset that combines traditional attributes with future potential.'



Senator Charles Schwertner also pointed out:



'Allocating some liquid funds to Bitcoin is to protect the purchasing power of Texas residents when monetary shocks occur.'



This not only reflects the local government's high sensitivity to macro financial risks but also indicates that Texas is attempting to formally include Bitcoin from 'private assets' into the category of sovereign reserve assets.



What other details of the bill are worth noting?


The SB 21 bill also includes a forward-looking clause:



The auditor general needs to study the potential revenue related to participation in the Bitcoin network, such as collecting state government service fees via the **Lightning Network**, and submit a research report by January 2026.



This design clearly conveys the strategic intent of the Texas government—it's not just about holding BTC but also exploring its long-term potential in on-chain payments, settlements, and digitalization of the financial system.


The on-chain payment application tracking module of Mlion.ai indicates that the transaction capacity of the lightning network will double starting in 2024, and 'native crypto payment infrastructure' outside of stablecoins is rapidly developing, providing an experimental foundation for government-level digital financial systems.



What would it mean if the bill is implemented?


Once Texas successfully establishes BTC as a strategic reserve, its impact will far exceed the local fiscal scope:


  1. Bitcoin will be included as a 'fiscal asset' for the first time in the financial statements of large state governments in the U.S.


  2. Accelerate the motivation for other states to follow suit; currently, 26 states are discussing related bills, and 13 bills are under federal review.


  3. Redefine Bitcoin's financial properties as a 'national-level asset,' promoting the Federal Reserve and Congress to accelerate digital currency legislation.


  4. Release a clear signal to the international market: U.S. local governments recognize BTC as a legitimate 'reserve anchor.'



This series of effects may trigger a new wave of institutional capital accumulation. Mlion.ai's whale address monitoring data shows that several institutions have begun to establish layout models around the 'BTC segment driven by policy expectations.'



6. Operational Strategy: Policy inflection points release structural opportunities


As Bitcoin's mainline is officially pushed into the 'national asset discussion area,' investors can refer to the following strategies:


  • Utilize Mlion.ai's policy-driven sentiment tracking feature to monitor the latest progress and social heat of the Texas bill;


  • Combine AI price prediction systems to identify timing for confirming BTC technical positions driven by policy catalysts;


  • Focus on related assets, such as crypto mining companies, payment chain projects, and lightning network infrastructure;


  • Explore the potential beta rotational logic of the concepts of 'on-chain payments' and 'digitalization of government finance.'




Conclusion: From 'Bitcoin is a scam' to 'Bitcoin enters the treasury,' it only took ten years.


Texas's action is not just a bill; it is a transfer of 'asset discourse power.' When Bitcoin can stand alongside gold in the sovereign reserve system, we must redefine its position in the future financial system.


From this moment on, Bitcoin is no longer just a 'hedging tool' but may become an official part of government asset allocation lists.


#BTC

Disclaimer: The above content is for information sharing only and does not constitute any investment advice!