Texas Bitcoin Reserve: New Bill Asks, Should the State Bet on Crypto?

• Texas reintroduces SB 21 to expand crypto investments, including top-performing digital assets.  
• The bill removes the Bitcoin purchase cap, allowing greater investment flexibility for Texas.  
• 17 states now push for Bitcoin in reserves, with total acquisitions surpassing U.S. government holdings.

Texas state lawmakers have refiled legislation geared toward creating a Strategic Bitcoin Reserve, making it clear the state is serious about crypto investments. 

The new bill, SB 21, tweaks the earlier SB 778, first floated in January 2025. The latest version really opens things up, possibly allowing investments in other cryptocurrencies, but only if they hit certain market benchmarks.

NEW: the new legislative text for the Texas Strategic Bitcoin Reserve, SB 21, is very bullish!

It removes the annual buying limit of $500 million, the legislature can appropriate as much as it wants to save BTC.

Thank you for your leadership @LtGovTX @DrSchwertner pic.twitter.com/ytopjHsEYE

— Pierre Rochard (@BitcoinPierre) February 12, 2025

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