The Senate of Texas passed Bitcoin (Btc) Strategic Reserve Bill SB-21 in a 25-5 vote on March 6, after consulting the merit of the Senate floor law.
Texas State Senator Charles Schwertner has argued for the bill, saying that it will help the US state coast its balance sheet with an important, difficult owner.
Lawmakers are also afraid that Bitcoin is a direct competitor to the US dollar as a global currency reserve, adding that it is more like gold.
Texas State Senator Charles Schwertner discussed Texas Senate in support of the bill. Source: Bitcoin Laws
Texas Strategic Bitcoin Reserve Law is Senator Charles Schwertner introduced In January 2025 as a bit of bitcoin-only removed the acquisition of other digital assets.
However, in February 2025, the bill was Refiled to include other digital assets Following the US president Donald Trump’s Jan. 23 Executive Order Directing a commission to study the feasibility of a “digital stockpile asset.”
Page One of SB-21 that establishes a Bitcoin and Digital Asset Reserve. Source: Texas State Senate
This is a story development, and further information will be added as it is available.
