Texas Governor to Sign Strategic Bitcoin Reserve Bill, Advancing Cryptocurrency into the Mainstream

BlockBeats News: On May 23, 2025, Texas Governor Greg Abbott is about to sign a historic bill—the Strategic Bitcoin Reserve Bill (SBR), marking a new era for Texas finances.

On social media, Satoshi Action Fund co-founder Dennis Porter shared the news and praised Texas for its efforts in promoting a strategic Bitcoin reserve. He emphasized that Governor Greg Abbott is a strong supporter of cryptocurrency and will soon sign this bill to make it official law.

Previously, Texas's Strategic Bitcoin Reserve Bill SB 21 had passed the state legislature, ultimately passing its third reading with 101 votes in favor and 42 against, and has been submitted to the governor's office for signing. This means Texas will become the first state in the U.S. to promote a strategic Bitcoin reserve.

The passage of this bill not only showcases Texas's pioneering role in the cryptocurrency field but also signifies that Bitcoin is gradually moving toward the mainstream financial system, becoming part of the strategic assets of U.S. state governments.

This initiative by Texas marks a significant advancement in cryptocurrency policy and has important implications for the legalization and widespread adoption of Bitcoin. As a key player in the global cryptocurrency market, Texas undoubtedly sets a successful example for other states. It remains to be seen whether other states will follow Texas's lead in the future.