Krutika Adani
The Texas House just approved Senate Bill 21 with a 101–42 vote. The bill proposes a state-run Bitcoin reserve—next stop: Governor Greg Abbott’s desk.
SB 21 outlines the creation of the Texas Bullion Depository Reserve Fund—allowing investments only in digital assets with a 24-month market cap over $500B, mainly Bitcoin.
Funding may come from legislative allocations and private donations—exclusively from Texas residents. Transparency reports will be issued every two years.
Lawmakers see Bitcoin as a hedge and future-proofing strategy. With its crypto-friendly stance, Texas is ready to go from mining BTC to holding it.
If signed by Abbott within 20 days, Texas will become the first U.S. state to officially hold Bitcoin—joining other pro-BTC governments like New Hampshire.