Texas Strategic Bitcoin Reserve Bill Passes The Senate

Today, the Texas Senate has passed SB 21, a measure aimed astatine creating a strategical Bitcoin reserve for the state, by a ballot of 25-5. The measure volition present beforehand to the Texas House for further consideration.

Texas Lieutenant Governor Dan Patrick identified SB 21 arsenic a precedence measure for the 2025 legislative league this past January. The measure aims to presumption Texas arsenic a person in Bitcoin adoption by establishing a reserve of BTC, which proponents reason volition service arsenic a hedge against economical instability and inflation.

Support for the measure was evident during a February 18 proceeding held by Texas’ Senate Committee connected Business and Commerce. The proceeding drew galore Bitcoin advocates, including Pierre Rochard of Riot Platforms, North America’s largest Bitcoin mining company. Speaking successful favour of the bill, Rochard stated, “Bitcoin volition proceed to accrue semipermanent value, truthful present is the cleanable clip to marque a strategical investment.”

Senate Committee connected Business and Commerce Chairman Charles Schwertner besides emphasized Bitcoin’s increasing relation successful fiscal markets, saying, “Bitcoin, referenced arsenic integer golden by the US Treasury, has go a recognized plus successful the fiscal markets.”

The bill’s transition successful the Senate comes amid increasing nationalist involvement successful Bitcoin reserves. Just days ago, President Donald Trump announced that the United States would beryllium creating a national Bitcoin reserve. President Trump is expected to supply further details connected the national Bitcoin reserve during the upcoming Digital Assets Summit astatine the White House tomorrow, based connected Commerce Secretary Howard Lutnick’s comments yesterday. Lutnick said that an authoritative announcement is expected soon, stating, “A Bitcoin strategical reserve is thing the President’s funny in. He spoke astir it each during the run trail, and I deliberation you’re going to spot it executed connected Friday.”

As SB 21 moves to the Texas House, each eyes are connected whether Texas volition successfully found itself arsenic a person successful Bitcoin adoption astatine the authorities level. If passed, Texas could go the archetypal U.S. authorities to officially clasp Bitcoin arsenic portion of its fiscal strategy, mounting a precedent for different states to follow.

SB 21 is getting adjacent to the decorativeness enactment of becoming officially signed into law. More updates connected the presumption of SB 21 and different U.S. Bitcoin reserve authorities tin besides beryllium recovered connected Bitcoin Laws.