- Texas lawmaker filed a new strategic Bitcoin reserve bill.
- The new SB 21 bill gives more control to financial experts.
Texas lawmakers make a ground-breaking move trying to establish itself as the first state to introduce a Strategic Bitcoin Reserve. The lawmakers of Lone Star state (Texas) have refiled a strategic Bitcoin reserve bill. The refiling of the bill is under a distinct name aiming to create investment opportunities in other cryptocurrencies.
On this Texas state Senator Charles Schwertner highlights that SB 21 would make Texas the first state to establish a Strategic Bitcoin Reserve. Additionally, it will drive the state’s innovation, growth, and financial freedom.
On this Senator Charles expressed their gratitude to Lieutenant Governor Dan Patrick and said,
“Thank you to Lt. Governor DanPatrick for designating my bill to establish the Texas Strategic Bitcoin Reserve as one of the Senate’s top 40 priority bills. SB 21 would make our state the first to establish a Strategic Bitcoin Reserve & drive innovation, growth, & financial freedom!”
On this Dennis Porter said, that Lt. Governor’s office told him many times that this bill has to be given priority.
SB 21 Bill Provides More Control To Experts
The SB 21 bill is different from the previously announced SB 778 bill that was announced in January 2025. The previous bill only allows the state to purchase and hold Bitcoin as a strategic asset. But it prevents the state from using the assets for other state operations.
However, the new bill gives more control, it allows the state to invest in other cryptocurrencies. Moreover, it also gives the control of public accounts and authority to manage other states’ funds.
The bill considered as an investment vehicle, provides authority to the state to trade and manage crypto assets for financial security. It also allows the state to invest in other digital assets which have a $500 billion market cap.
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