The bill was originally introduced as SB 21 by Senator Charles Schwertner as a way to enable the State of Texas to purchase digital cryptocurrency as a strategic reserve.^[1] The bill was co-written by Representative Giovanni Capriglione.^[2] It was reported to mirror the strategic bitcoin reserve of the United States federal government created through executive order by Donald Trump.^[3]

It passed the Texas Senate in March 2025 by a vote of 25 to 5. It passed the Texas House of Representatives in May 2025 by a vote of 101 to 42.^[4]

The bill was signed into law by Governor Greg Abbott on June 22, 2025.^[5] Following Arizona and New Hampshire, Texas is the third state to enact legislation creating a bitcoin reserve on the state level.^[6]

History

References

External links