Texas Senate Bill 21 (SB-21), establishing a Bitcoin strategic reserve and cryptocurrency, adopted the Senate Banking Committee in Texas on February 27 in voting 9–0, and now he goes to the Senate floor for further consideration.
The bill gives Texas a public accounts controller for the right to acquire, sell and trade in all investments “, which was acquired by a prudent investor exercising reasonable care, skills and caution.” The account was also read by:
“Bitcoin and other cryptocurrencies can serve as protection against inflation and economic variability, and the establishment of the Bitcoin strategic reserve serves the public purpose to ensure greater financial security for the inhabitants of this country.”
Several US states are waiting for strategic bills for Bitcoin (BTC) reserves, including Oklahoma, Arizona and Utah, in order to diversify state financial reserves and security against growing American dollar inflation.
The first page SB-21 establishing Bitcoin and Digital Asset Reserve. Source: State Senate Texas
Related: Oklahoma BTC Reserve Bill passes the Chamber Committee; Other states reject
Texas Bitcoin Strategic Reserve Bill receives a renovation
Strategic provisions regarding the Bitcoin Texas reserves were introduced by the Senator of State Charles Schwertner in January 2025 as a bill only Bitcoins, which omitted the acquisition of other digital assets.
However, in February 2025, the Act was recognized as other digital acts after the executive ordinance of US President Donald Trump, which consists in the Commission to examine the enforceability of “digital actions”.
President Trump signs an executive order on cryptocurrencies. Source: White House
Analyst Nexo, Iliiya Kalchev, told CointeLgraph that public interrogation of February 18 for SB-21 was symbolic and was not the main BTC reception or price catalyst.
Kalchev added that if no specific rules have been introduced – like the state of Texas actively acquires BTC as part of its portfolio – markets would have a summer response to messages.
Pierre Rochar, Bitcoin lawyer and vice president of research at Mining Company Platforms, he testified At the trial to SB-21, he is arguing about the BTC strategic reserve.
The manager said that although Texas currently has a flowering economy, he must be prepared for future economic slowdowns and fiscal uncertainty.
“Public trust and financial institutions eroded due to a lack of transparency, but Bitcoin is a unique advantage because it is fully controlled,” added the executive director.
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