The Senate Bill in the Senate in Texas (SB-21), which established a strategic reserve for bitcoin and encrypted currencies, approved the Banking Committee in Texas on February 27 on 9-0 vote and is now advancing to the Senate Hall for more deliberations.
The draft law gives the Texas Observer to public accounts the authority to obtain, sell and circulate any investment “that the wise investor who exercises care, skill and reasonable caution.” Also read the bill:
“Bitcoin and other cryptocurrencies can be a hedge against inflation and economic volatility, and it serves the establishment of a strategic protest of bitcoin the general purpose of providing augmented financial security to the residents of this state.”
Several American states hanging Bitcoin (BTCStrategic reserve bills, including Oklahoma, Arizona and Utah, to diversify government financial reserves and hedge against high inflation in US dollars.
The first page of SB-21 Create Bitcoin and Rigital Asset Reservation. source: Senate in Texas
Related to: The Architectural Bill in Oklahoma BTC. Other countries refuse
The strategic reserve law is fixed in Texas Bitcoin
The strategic bitcoin reserve legislation was in Texas It was presented by Senator Charles Chounerner In January 2025, only the Bitcoin bill that deleted the acquisition of other digital assets.
However, in February 2025, the bill was Other digital assets have been re -included Follow up on the American President Donald Trump ordered the executive on January 23 Directing a committee to study the feasibility of “Digital Asset stock”.
President Trump signs an executive order on encrypted currencies. source: White House
Nexo Iliya Kalchev analyst told Cointelegraph that February 18 The general hearing of SB-21 was symbolic BTC’s main dependence or price stimulus was not.
Kalchev added that unless specific policies are enacted – such as Texas, which actively gets BTC as part of its wallet – the markets will have a lukewarm response to the news.
Pierre Rohard, Bitcoin and Vice President of Research at Riot Company Company,, to attest In the SB-21 session, it argues for a BTC strategy reserve.
The CEO said that although Texas has a prosperous economy, it must be prepared for future economic deflation and financial uncertainty.
“General confidence and financial institutions have been eroded due to a lack of transparency, but Bitcoin is one of the unique assets because it is fully scrutinized,” the executive director added.
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