Texas Promotes Bitcoin Strategic Reserve
Date: 2025-05-22 Author: Henry Casey Categories: IN WORLD
Texas legislators have supported the initiative to form a Bitcoin-based strategic reserve by approving the bill SB 21. During the vote, 105 deputies voted "for", 23 - "against". The document has already been submitted to the governor for final approval.
The final version of the document contains an important clarification: the reserve can include not only Bitcoin, but also other digital assets if their market capitalization is maintained at a level of at least $500 billion for two years. Initially, only an annual period was envisaged. Thus, at the moment, the only asset that meets the requirements is Bitcoin, the capitalization of which has already exceeded the $2 trillion mark.
The Bitcoin Laws organization emphasized that such criteria make Bitcoin the only candidate for inclusion in the reserve, at least in the near future. This underlines the status of the first cryptocurrency as the most stable and large-scale digital asset.
Satoshi Action Fund CEO Dennis Porter said that the adoption of this law is important not only for the state, but for the entire country. According to him, Texas becomes the third American state after New Hampshire and Arizona to implement an initiative to create a bitcoin reserve.
With an economy estimated at $2.6 trillion, Texas surpasses countries such as Canada and Australia, which makes its decisions in the cryptocurrency sphere especially significant. The new legislation can accelerate the process of institutionalization of digital assets in the United States and create a precedent for other states.
In contrast, news from Florida, where in May, consideration of two initiatives involving investments in bitcoin using public funds was discontinued. Similar attempts have previously failed in Oklahoma, Montana, Pennsylvania, as well as in North and South Dakota and Wyoming.
Thus, Texas is breaking away from the general trend and taking a confident step towards recognizing Bitcoin as an important element of the state financial strategy.
