Bitcoin Reserve Adoption Advances in Texas

Texas Nears Adoption of Bitcoin Reserve with Final Vote Pending

• Texas aims to become the second U.S. state to adopt a Bitcoin reserve.
• The bipartisan bill passed the Texas House with a vote of 101-42.
• Senate Bill 21 requires a final concurrence vote before reaching the governor’s desk.
• The bill was authored by Senator Charles Schwertner and sponsored by Representative Giovanni Capriglione.
• The fiscal impact of the bill remains uncertain, according to legislative budget analysis.

The Texas House of Representatives has passed Senate Bill 21, which seeks to establish a Bitcoin reserve, with strong bipartisan support. The bill awaits a final concurrence vote before it can be signed into law by Governor Greg Abbott.