Texas pushes forward with SB 21 to create the Strategic Bitcoin Reserve
Texas is taking a bold step toward Bitcoin adoption. On March 6, 2025, the Texas Senate passed Senate Bill 21 (SB 21) with a 25-5 vote, pushing the state closer to establishing a Strategic Bitcoin Reserve. The bill, introduced by Senator Charles Schwertner, aims to strengthen Texas’ financial position by holding Bitcoin as a scarce and valuable asset.
Key Details of the Texas Bitcoin Reserve
- The Texas Strategic Bitcoin Reserve will be a special fund in the state treasury, separate from general revenue.
- Funding will come from state appropriations, revenues, and voluntary Bitcoin donations.
- The state comptroller will oversee Bitcoin custody, ensuring secure storage and reporting.
- The bill allows Texas to invest in Bitcoin and altcoins with a market cap of at least $500 billion.
- Texans can donate Bitcoin, encouraging community involvement in the reserve.
Why It Matters
Supporters see this move as a hedge against inflation, economic instability, and financial uncertainty in the world’s eighth-largest economy. Senator Schwertner highlighted Bitcoin’s resilience through boom-and-bust cycles, positioning it as a preferred asset due to its fixed supply and adaptability.
Growing National Momentum for Bitcoin Reserves
Texas isn’t alone in this initiative. Other states and federal officials are also exploring Bitcoin reserves:
- President Donald Trump recently announced plans for a U.S. federal Bitcoin reserve.
- Over 20 states have introduced similar state-level Bitcoin reserve bills.
- New Hampshire and Utah are advancing legislation to invest public funds in Bitcoin.
Bitcoin industry leaders are also backing SB 21. Pierre Rochard of Riot Platforms, North America’s largest Bitcoin mining company, testified in favor of the bill, stating that Bitcoin will continue to accrue long-term value, making now the ideal time for Texas to invest.
Related: Did Donald Trump Launch a Meme Coin on Solana?
What’s Next?
SB 21 now moves to the Texas House for further debate. If passed, Texas could become the first U.S. state to officially hold Bitcoin as part of its financial strategy, setting a major precedent for others to follow.
🔍 Stay Updated: More updates on SB 21 and other Bitcoin reserve legislation can be found on Bitcoin Laws.
💬 What do you think? Should more states follow Texas’ lead? Share your thoughts below!
S Taylor is a professional crypto trader with five years of experience, having navigated a wide range of market dynamics and witnessed numerous scams firsthand. As a former victim of scams, S Taylor turned their focus to blockchain forensics and Solidity Smart Contract development, gaining deep technical expertise in the field. With a unique insider’s perspective, they’ve been involved in various crypto projects, where they’ve seen how developers can exploit vulnerable investors.
S Taylor is also the published author of Meme Coins Made Easy, a comprehensive guide that teaches beginners about cryptocurrency and how to identify and avoid common scams. S Taylor is dedicated to sharing valuable insights and helping the crypto community stay informed and safe.
