US Edition
Texas' Strategic Bitcoin Reserve Passes House, Awaits Governor Sign-Off
- On Wednesday, the Texas House approved Senate Bill 21 with a 101-42 vote, moving forward the establishment of a Strategic Bitcoin Reserve subject to approval by the state Senate and Governor Greg Abbott.
- The bill follows earlier Senate passage and includes a 24-month, $500 billion market cap requirement for eligible cryptocurrencies to ensure investment stability.
- The reserve, managed by the state comptroller with expert advisors, would hold cryptocurrency funds separate from the state treasury as a hedge against economic volatility.
- Representative Capriglione characterized SB 21 as a proactive measure that views digital assets as a key element for enhancing Texas’s financial strength rather than merely a passing fad.
- If approved, Texas would join New Hampshire as one of the only states to create a government-managed Bitcoin reserve, highlighting increasing interest in crypto investments at the state level.
31 Articles
31 Articles
Texas Set to Create State Bitcoin Reserve that Would Accept Private Donations
The State of Texas is set to get into the cryptocurrency investment game as the Texas House passed a Senate bill on Wednesday to create a “Strategic Bitcoin Reserve” that could use millions of taxpayer dollars to purchase cryptocurrency. Senate Bill 21 will—assuming Senate concurrence and the governor’s sign-off—establish a new government investment fund through which the state comptroller and a team of appointed advisors have broad discretion …
Texas Legislature Advances Bill To Establish Strategic Bitcoin Reserve
The Texas House has approved SB 21, a bill aimed at creating a strategic Bitcoin reserve, by a vote of 101–42. The bill now heads to Governor Greg Abbott, who will decide whether to sign it into law or issue a veto.Texas Moves to Establish Strategic Bitcoin Reserve: A New Era in State Finance. via @techstoryin https://t.co/e5utsSzDfI— Greg Abbott (@GregAbbott_TX) May 23, 2025 Introduced by Senator Charles Schwertner, SB 21 tasks the state comptr…
Coverage Details
Bias Distribution
- 80% of the sources are Center
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
