🇺🇸 Texas Approves Bitcoin Reserve Bill — A New Chapter for Public Crypto Finance

In a landmark 101–42 vote, the Texas House has passed Senate Bill 21 (SB21), clearing the path for the state to establish a strategic Bitcoin reserve. The bill now awaits Governor Greg Abbott’s signature.

📌 What SB21 enables:

State comptroller can invest in $BTC , use derivatives, and engage in staking

Assets will be stored in cold wallets, with help from qualified custodians and liquidity providers

The reserve is funded via state budget ($21M seed), public donations, and returns

Applies only to cryptocurrencies with a $500B+ market cap over 12 months — currently, just $BTC

This makes Texas the second U.S. state (after New Hampshire) to adopt an official Bitcoin reserve model — and possibly the first with true execution potential at scale.

💬 What does this mean for crypto exchanges?

As governments move toward direct BTC exposure, exchanges with institutional-grade infrastructure become crucial.

Platforms like Coinbase, Kraken, and WhiteBIT offer tools for fiat on-ramps, custody partnerships, and liquidity provisioning — the very building blocks needed for large-scale, compliant crypto reserves.

In short: public finance is going crypto.

And not all exchanges will be ready when the next state follows.

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