NEWSLETTER
Today, the Texas Senate approved SB 21, a bill aimed at creating a strategic bitcoin reserve for the State, by a vote of 25-5. The bill will now advance to the Texas Chamber for greater consideration.
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Texas Governor Dan Patrick <a target="_blank" href="https://x.com/BitcoinMagazine/status/1884672322843349277″ target=”_blank”>identified SB 21 as a priority law for the 2025 legislative session last January. The bill aims to position Texas as a leader in the adoption of bitcoin by establishing a btc reserve, which according to defenders will serve as coverage against economic instability and inflation.
The support of the bill was evident during a February 18 hearing held by the Texas Business and Commerce Committee. The audience attracted numerous defenders of bitcoin, including Pierre Rochard of riot platforms, the largest Bitcoins mining company in North America. Speaking in favor of the bill, Rochard declared: “bitcoin will continue to accumulate a long -term value, so now is the perfect time to make a strategic investment.”
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The president of the Senate Business and Commerce Committee, Charles Schwertner, also emphasized bitcoin's growing role in financial markets, saying: “bitcoin, referenced as digital gold by the treasure of the United States, has become an asset recognized in financial markets.”
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The approval of the bill in the Senate is produced in the midst of a growing national interest in bitcoin reserves. Just a few days ago, President Donald Trump <a target="_blank" href="https://x.com/BitcoinMagazine/status/1896239889647292567″ target=”_blank”>announced that the United States would be creating a Federal Bitcoins reserve. President Trump is expected to provide more details about the bitcoin Federal Reserve during the next digital asset summit in the White House tomorrow, based on the comments of the Secretary of Commerce Howard Lutnick yesterday. Lutnick <a target="_blank" href="https://x.com/BitcoinMagazine/status/1897302890261446902″ target=”_blank”>saying That an official announcement is expected soon, declaring: “A strategic bitcoin reserve is something that the president is interested. He spoke especially during the campaign, and I think he will see her executed on Friday.”
As SB 21 moves to Texas's house, all eyes are in Si Texas will be successfully established as a leader in the adoption of bitcoin at the state level. If approved, Texas could become the first state of the United States to officially maintain bitcoin as part of its financial strategy, establishing a precedent for other states to follow them.
SB 21 is approaching the finish line of officially becoming law. You can also find more updates on the state of SB 21 and another US Bitcoins reserve legislation. bitcoin laws.
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