Bitcoin Bill Advances in Texas Legislature

Texas Advances Senate Bill 21 for State Bitcoin Reserve

• Texas lawmakers are reviewing Senate Bill 21 to establish a state-managed Bitcoin reserve.
• The bill has passed the Texas Senate with a 25–5 vote and advanced through the House Committee with a 9–4 vote.
• The Texas House of Representatives will hold a key second reading on May 20, moving closer to a final vote.
• If passed, Texas would become the third U.S. state to create a Bitcoin reserve, joining New Hampshire and Arizona.
• The reserve would be funded through legislative appropriations, investment earnings, and voluntary donations from residents.

Senate Bill 21 is nearing its final stages in the Texas legislature, potentially making Texas the third state in the U.S. to establish a formal Bitcoin reserve. The bill has already cleared significant legislative hurdles and awaits further readings before possibly being signed into law by the governor.