As of today, March 07, 2025, the latest news regarding the Texas Bitcoin Reserve Bill indicates significant progress. On March 6, 2025, the Texas Senate passed Senate Bill 21 (SB-21) with a vote of 25-5, marking a major step toward establishing a state-controlled strategic Bitcoin reserve.
This bill, authored by Senator Charles Schwertner (R-Georgetown), aims to allow the state comptroller to buy, hold, and manage Bitcoin and other digital assets as a hedge against inflation and economic volatility. The reserve would be funded through legislative appropriations, dedicated revenues, and donations from private citizens and corporations, and it would operate as a special fund outside the state treasury.
The bill has now moved to the Texas House of Representatives for consideration, where it must be voted on by May 24, 2025. If it passes the House and is signed into law by Governor Greg Abbott—who has previously expressed support for making Texas a hub for cryptocurrency—Texas would become the first U.S. state to establish an official Bitcoin reserve. The legislation also includes provisions for regular third-party audits to ensure transparency, with reports submitted to the state legislature biennially.
This development comes amid a broader national context, as President Donald Trump signed an executive order on March 6, 2025, to create a U.S. strategic Bitcoin reserve using seized assets, ahead of a White House Crypto Summit scheduled for today, March 7, 2025. The Texas Senate’s move has been celebrated by crypto advocates as a pioneering effort, though it faced debate, with critics like Senator Roland Gutierrez (D-San Antonio) raising concerns about Bitcoin’s volatility and its practical utility.
Posts on X reflect current sentiment, with users noting the bill’s passage and expressing optimism about its implications for Bitcoin’s adoption. However, the process is not complete, and the outcome in the Texas House remains uncertain. Stay tuned for further updates as this story develops.
