Texas Bitcoin Reserve Bill Clears Committee, Heads For Floor Vote

A Home Committee in Texas has handed a Bitcoin reserve invoice backed by Republicans, which now solely wants a full flooring vote earlier than it heads to the governor’s desk for the ultimate choice.

The Texas Home Committee On Supply of Authorities Effectivity handed Senate Invoice 21 in a 9-4 vote on Could 7. No amendments have been requested for the invoice, which already handed a Texas Senate in a 25-5 vote in March.

Texas Bitcoin Reserve Invoice Would Permit The State’s Comptroller To Make investments In Cryptos

SB 21, if accredited, would set up the “Texas Strategic Bitcoin Reserve” that shall be managed by the state’s comptroller, Glenn Hegar.

Hegar would then be allowed to put money into digital property which have maintained a market cap of over $500 billion during the last 12 months. Presently, main crypto Bitcoin (BTC) is the one digital asset that meets this standards.

SB 21 was initially launched as a Bitcoin-only invoice in January. Within the following month, nonetheless, it was refiled with amendments that enable the inclusion of different cryptos that meet the market cap standards. 

In response to Bitcoin Legal guidelines founder Julian Fahrer, the choice round SB 21 needs to be identified earlier than June 2. That is when the legislature will adjourn.

Texas Bitcoin Reserve needs to be one vote away.

TX legislature adjourns on 6/2, so we should always ought to know inside ~3 weeks on the newest. https://t.co/iytSSNrWmo

— Julian Fahrer (@Julian__Fahrer) Could 8, 2025

If the invoice does get the complete flooring vote, it can head to Governor Greg Abbott’s for a closing choice. Abbott has already expressed his want to make the Lone Star State the “crypto capital” of the US. 

Texas Appears to be like To Be a part of States That Have Signed Bitcoin Reserve Payments Into Legislation

The Texas vote follows shortly after the governors of Arizona and New Hampshire not too long ago signed Bitcoin reserve payments for his or her states into regulation.

Arizona Governor Katie Hobbs accredited a invoice that enables the state to maintain unclaimed crypto and set up a Bitcoin and digital asset reserve. The state may also stake deserted crypto to earn rewards or obtain airdrops.

Equally, New Hampshire Governor Kelly Ayotte signed Home Invoice 302 on Could 6, permitting the state’s treasury to make use of funds to put money into cryptos with a market cap better than $500 billion.

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