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Texas Governor Greg Abbott has amplified speculation about his support for a proposed state Bitcoin reserve by sharing an article on the Strategic Bitcoin Reserve (SBR) bill. Abbott, a long-time advocate for digital assets, has previously signed crypto-friendly laws and attracted Bitcoin miners to Texas, citing economic and grid stability benefits. The bill, which recently advanced in the legislature, would allow the state to purchase Bitcoin using surplus revenue, following a structure similar to gold holdings. Only assets like Bitcoin—with a $500B+ market cap—would qualify. If approved, Texas could set a regulatory precedent and solidify its position as a crypto hub. Industry leaders, including Satoshi Action Fund CEO Dennis Porter, believe Abbott will sign the bill into law.

Texas lawmakers have advanced Senate Bill 21 (SB 21), which proposes the creation of a Strategic Bitcoin Reserve (SBR), marking a significant step toward government-backed crypto exposure. The bill passed its second House reading with a 105-23 vote and now awaits a final vote before heading to the Governor. If approved, Texas—the world’s eighth-largest economy—would join New Hampshire and Arizona in pioneering state-level Bitcoin reserves. A key amendment now requires digital assets to maintain a $500 billion market cap for at least two years to qualify, a threshold only Bitcoin currently meets. Experts suggest the bill is unlikely to fail at this stage, signaling a major milestone for crypto adoption in the U.S.

Arizona has become the second U.S. state to establish a legal framework for managing crypto assets through House Bill 2749, signed by Governor Katie Hobbs. Unlike the vetoed SB 1025 which proposed direct treasury investments, this budget-neutral approach focuses on unclaimed assets, airdrops, and staking rewards. The legislation allows qualified custodians to stake assets for returns but prohibits selling below market prices. This development comes as Texas progresses with its own SB 21 Bitcoin reserve bill, granting the state comptroller authority over digital asset management. Bitcoin prices rose 2.4% following the news, nearing $99,000. The moves highlight growing state-level crypto policy experimentation, contrasting with Florida’s recent withdrawal of similar bills.

New Hampshire has passed America’s first state-level Strategic Bitcoin Reserve law, HB 302, authorizing the state treasurer to hold Bitcoin and other high-market-cap digital assets. The law, signed by Governor Kelly Ayotte, caps holdings at 5% of the state’s reserve portfolio and mandates secure custody through regulated U.S. entities. Developed by the Satoshi Action Fund, this legislation positions New Hampshire as a pioneer in state-level Bitcoin adoption, with 37 other states considering similar proposals. Arizona, North Carolina, and Texas are among the closest contenders to follow suit. The law takes effect in 60 days, setting a precedent for public treasury diversification into crypto assets.