Texas Senate Approves Bitcoin Reserve Bill

Texas Takes a Big Step into the World of Bitcoin

In a major move, the Texas Senate has passed a bill to start a special Bitcoin reserve. This is a big deal because it’s the first time a U.S. state has done something like this. Let’s find out more about this new law and what it means.

The Bill: SB 21

The bill is called Senate Bill 21 (SB 21). It was introduced by State Senator Charles Schwertner and passed by a big vote of 25-5 on March 6, 2025[1][3]. At first, it was only about Bitcoin, but later it was changed to include other cryptocurrencies that are worth at least $500 billion[2][5].

Why the Bill Was Passed

People who support the bill say that a Bitcoin reserve would help Texas’ finances. They think Bitcoin can protect against economic problems and inflation. Senator Schwertner thinks Bitcoin, which is sometimes called “digital gold,” can make Texas’ money safer by adding something new to its finances[1][3]. Some people also think this is a way to say no to the U.S. government’s growing debt[2].

What’s Happening in the U.S. and What’s Next

The Texas Senate passed this bill at a time when more people in the U.S. are interested in Bitcoin. President Donald Trump has said he wants to start a federal Bitcoin reserve, showing how important digital money is to the U.S. economy[3]. If Texas can make this reserve work, it might show other states how to do it too, which could change how money works all over the country.

Challenges and Opportunities

Even though many people support the bill, it also has some problems. The reserve would need money, and Senator Schwertner thinks Texas should spend about $20 million on it over the next two years[2]. We also don’t know if the Texas House will pass the bill. But if they do, Texas could become a leader in using cryptocurrency, which could bring more money and good jobs to the state.

A Big Step into the Future

The Texas Senate’s decision to pass SB 21 is a big step into the future of money. By using Bitcoin and maybe other cryptocurrencies, Texas is not only adding something new to its finances but also showing that it wants to be innovative and strong economically. Now, everyone will watch to see if Texas can make this special reserve work, which could show other states how to do it too.

—

Sources:
– Cointelegraph
– Quorum Report
– Bitcoin Magazine
– Sky News
– U.Today