TLDR
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Texas Senate Passes Final Bitcoin Reserve Bill
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SB21 Gains Final Approval in Texas
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Texas Bitcoin Reserve Limited to BTC Only
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Texas Nears Crypto Milestone
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States Join Crypto Reserve Trend
The Texas Senate has adopted the final version of Senate Bill 21, pushing the state’s Bitcoin reserve legislation toward enactment. The House and Senate passed the reconciled bill, confirming its legislative approval. The proposed law now awaits Governor Greg Abbott’s signature before it takes effect.
🇺🇸 TEXAS Bitcoin Reserve Update:
The House has voted to adopt the Conference Committee report (110-25) on Bitcoin Reserve bill SB 21.
Meaning it has accepted all final changes to the bill.
Following an equivalent vote in the Senate, the bill goes to the Governor for signing. https://t.co/bsdOHouiux pic.twitter.com/zPY3hBt4PC
— Bitcoin Laws (@Bitcoin_Laws) May 30, 2025
Texas Senate Approves Final SB21 Report
Lawmakers concluded negotiations after the Conference Committee reconciled differences between the House and Senate versions of the bill. The Senate voted 24–7 in favor of the revised SB21, following a previous 110–25 approval in the House. With both chambers aligned, the legislative process for the Strategic Bitcoin Reserve (SBR) is complete.
The proposed law allows the Texas Comptroller of Public Accounts to establish a crypto-based reserve fund. A five-member advisory committee will guide investment policies and risk management. The Comptroller must also release public financial status updates every two years.
Amendments Strengthen Financial Requirements and Oversight
The final version includes critical amendments introduced during House deliberations. It raises the market capitalization threshold for eligible crypto assets to $500 billion maintained for 24 consecutive months. This effectively limits reserve assets to Bitcoin and excludes most altcoins.
The law prevents the Comptroller from lending or staking reserve assets, limiting speculative exposure. Legislators also removed a clause permitting voluntary crypto contributions to the fund. These changes reflect a cautious but structured approach to integrating digital assets into state reserves.
Moreover, lawmakers added a provision enabling the Comptroller to work with qualified liquidity providers. This aims to strengthen the financial infrastructure supporting the reserve. The fund is expected to operate under strict compliance and transparency rules.
Texas Moves Closer to Joining Select Group of Crypto-Ready States
If signed, Texas will become the third U.S. state to approve a Bitcoin reserve law after New Hampshire and Arizona. However, Texas may be the second state to commit public investment funds to cryptocurrencies. The Arizona bill allows only unused crypto and staking rewards, not direct investment.
Texas’s strategic move could further solidify its position as a national leader in digital asset adoption. The state already leads in Bitcoin mining capacity and hosts several blockchain companies. Legislators cited New Hampshire’s reserve model when drafting guidelines for digital asset inclusion.
Additionally, Texas lawmakers emphasized the need for economic resilience and diversification through blockchain-based reserves. By formalizing digital asset management, the bill aligns with the state’s broader tech-forward initiatives. It also signals increasing institutional interest in integrating Bitcoin into traditional finance structures.
Nationwide Interest Grows in Bitcoin Reserve Legislation
Texas joins over 30 states that are currently reviewing or drafting Bitcoin reserve proposals. Several state legislatures have advanced bills to committee stages. These include North Carolina, Alabama, Montana, Georgia, and Iowa.
States like Michigan are also expanding their crypto regulatory framework. Michigan recently introduced bills to allow public retirement funds to invest in cryptocurrencies. One proposed bill supports Bitcoin mining on abandoned oil fields with tax incentives.
The growing wave of pro-crypto legislation highlights increasing bipartisan interest in blockchain finance. Texas’s legislative success adds momentum to nationwide efforts. All eyes now turn to Governor Abbott, who is expected to sign the bill into law.
