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Breaking: Texas Passes Strategic Bitcoin Reserve Bill, Only One Step Before It Is Law

May 21, 2025

1 min read

Senators in Texas have passed the strategic Bitcoin reserve Bill, which is considered a historic move in the country. The speed with which the Bill scaled through the different readings showcases the forward-thinking nature of the lawmakers at a time when American states are jostling for dominance. According to an update from Bitcoin Laws, the SB 21 Bill passed the third reading by a vote of 101-42. The Texas Bitcoin Reserve Bill, What Now? According to the X post, the Bill is likely to become law as it has now been passed to Governor Greg Abbott for assent. In a Republican-controlled Senate, the SB 21 Bill passed the third reading with a majority vote of 101–42. Notably, the bill seeks to allow for the creation of the Texas Strategic Bitcoin Reserve. This will serve as a dedicated fund managed by the state comptroller to invest in cryptocurrencies with a market... Read More at Coingape.com

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