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Texas Advances Strategic Bitcoin Reserve Bill to Full House Vote
ByAinvest
Thursday, May 8, 2025 10:02 pm ET1min read
Texas lawmakers have advanced the Strategic Bitcoin Reserve (SBR) bill to the final stage, which could make it the third state in the US with crypto reserves. Sponsored by State Senator Charles Schwertner, the bill aims to establish the Texas Strategic Bitcoin (BTC) Reserve, allowing the state's comptroller to invest in crypto assets with a market capitalization of at least $500 billion over the past twelve months. The bill passed the Texas House Committee in a 9-4 vote and will proceed to the final House floor vote.
Texas lawmakers have taken a significant step forward in their efforts to establish a strategic Bitcoin reserve. The Strategic Bitcoin Reserve (SBR) bill, designated as SB 21, has passed the Texas House Committee in a 9-4 vote. This advancement brings the bill closer to becoming state law and could make Texas the third U.S. state to adopt a crypto reserve.The bill, sponsored by State Senator Charles Schwertner, aims to authorize the state's comptroller to invest in crypto assets with a market capitalization of at least $500 billion over the past twelve months. This includes Bitcoin (BTC) and other digital assets.
The final decision on the bill is expected before June 2, when the state legislature adjourns. If passed, Texas would formally begin the establishment of a strategic Bitcoin reserve to support financial resilience during periods of economic instability.
This development follows similar initiatives in other states like New Hampshire, which became the first U.S. state to pass a Strategic Bitcoin Reserve bill in May 2025. Other states, including Arizona, Illinois, Maryland, Michigan, and Utah, are also exploring similar legislation.
The bill's advancement comes amid growing concerns about inflation and the need for financial stability, as well as the increasing interest in digital assets as a hedge against traditional currencies.
References:
[1] https://cryptorank.io/news/feed/78868-texas-eyes-state-bitcoin-hoard-sb-21-bill-takes-major-step-forward
[2] https://www.tradingview.com/news/the_block:5c540e738094b:0-the-daily-new-hampshire-becomes-first-us-state-to-pass-strategic-bitcoin-reserve-bill-cz-makes-1-million-btc-price-prediction-and-more/
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