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Texas Eyes State Bitcoin Hoard: SB 21 Bill Takes Major Step Forward

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Texas House advances SB 21 Bitcoin Reserve Bill with federal digital asset alignment
  • Texas Bitcoin reserve bill advances, final vote expected before June 2 legislative deadline.
  • Bill expands beyond Bitcoin to include digital assets after Trump’s executive order.
  • Other states like Utah and Arizona also explore Bitcoin reserves amid inflation concerns.

A select committee within the Texas House of Representatives has given its approval to the Strategic Bitcoin Reserve Bill, designated SB 21, advancing this significant legislation a crucial step closer to becoming state law. The bill successfully cleared this key committee stage without any amendments and is now set for a final vote before the full state legislature.

The final decision is expected before June 2, when the state legislature adjourns. If passed, Texas would formally begin the establishment of a strategic Bitcoin reserve to support financial resilience during periods of economic instability.

Texas SB 21: …

The post Texas Eyes State Bitcoin Hoard: SB 21 Bill Takes Major Step Forward appeared first on Coin Edition.

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