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Texas is on the verge of creating a government-backed Bitcoin reserve after Senate Bill 21 (SB 21) passed its second House reading with overwhelming bipartisan support. The bill, which now heads to a final vote, could position Texas as a leader in state-level crypto adoption.
- Texas Senate Bill 21 (SB 21) proposes a Strategic Bitcoin Reserve (SBR), backed by the state government.
- A recent amendment restricts the reserve to digital assets with a $500 billion market cap for two years—currently only Bitcoin qualifies.
- If passed, Texas would become the third U.S. state to approve a Bitcoin reserve, following New Hampshire and Arizona.
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