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Texas Strategic Bitcoin Reserve
View on WikipediaThe Texas Strategic Bitcoin Reserve is a strategic reserve fund that enables the State of Texas to purchase cryptocurrency.
History
[edit]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]
References
[edit]- ^ Rouner, Jef (17 January 2025). "Bill to Create Texas Bitcoin Reserve Filed Despite Risks". Reform Austin. Retrieved 23 June 2025.
- ^ Malcolm, Timothy (21 May 2025). "Texas House passes Bitcoin reserve, paving way for new setup". Houston Chronicle. Retrieved 23 June 2025.
- ^ Dale, Brady (22 May 2025). "Strategic bitcoin reserve bill passes in Texas". Axios. Retrieved 23 June 2025.
- ^ "Texas House Approves SB 21, Paving Way for State-Run Bitcoin Reserve". Texas Policy Research. 22 May 2025. Retrieved 23 June 2025.
- ^ Williams, Zach (22 June 2025). "Texas Gov. Abbott Signs Bill to Create State Bitcoin Reserve". Bloomberg Government. Retrieved 23 June 2025.
- ^ Tsiaperas, Tasha; Dale, Brady (28 May 2025). "Strategic bitcoin reserve bill clears hurdle in Texas Legislature". Axios. Retrieved 23 June 2025.