Bitcoin Reserve Law Passed in Texas
Date: 2025-06-23 Author: Henry Casey Categories: IN WORLD
Texas Governor Greg Abbott has signed SB 21, which allows for the formation of an independent bitcoin reserve that operates separately from the state's main treasury system. This step is aimed at increasing the financial stability of Texas and creating a mechanism to protect against inflation risks.
The management of the reserve is entrusted to the comptroller of state accounts Glenn Hegar. According to the document, the fund is allowed to include digital assets with a market capitalization of over $500 billion; at the moment, only bitcoin meets this criterion. The reserve can be replenished not only through direct purchases, but also through forks, airdrops, investment income, and donations from third parties. Every two years, it is planned to publish reports on the status and results of the reserve.
In addition, the governor signed into law HB 4488, which protects designated funds, including the Bitcoin Reserve, from being redistributed to the Treasury's general revenue if budget priorities change.
Interestingly, SB 21 was not included in the main press release listing key approved initiatives, despite its importance. In total, Abbott signed about 600 different bills.
Thus, Texas became the third state in the United States, after Arizona and New Hampshire, to officially allow the creation of a state reserve based on Bitcoin. For comparison, Florida authorities in May 2025 refused to consider two bills that would have invested state funds in cryptocurrency.
At the same time, attempts to create similar strategic reserves in Bitcoin in other states, such as Oklahoma, Montana, Pennsylvania, North and South Dakota, as well as Wyoming, have not yet been successful.
The passage of the law in Texas highlights the growing interest in digital assets at the state level and serves as an example for other regions considering the use of cryptocurrencies in financial policy.
