18-5-2025 – The Texas State Legislature is championing a groundbreaking proposal, dubbed SB21, to create the “Texas Strategic Bitcoin Reserve.” This ambitious legislation, now under scrutiny in the House of Representatives, is slated for its second review on 20 May. Should it secure final approval, Texas would join the ranks of New Hampshire and Arizona as the third U.S. state to sanction a Bitcoin reserve, marking a pivotal moment in the state’s financial evolution.
The bill empowers the state comptroller to establish a dedicated fund, distinct from the Treasury, to acquire digital assets—currently limited to Bitcoin, which boasts a market value exceeding $500 billion. To fuel this venture, the state may tap into a diverse pool of resources, including public or private contributions, investment returns, legislative allocations, airdrops, or forks. These assets will be safeguarded in secure cold wallets, with oversight entrusted to a specialised advisory committee, ensuring robust governance and transparency.
