The Texas House of Representatives has voted to advance a bill that would establish a state-run Bitcoin reserve, marking a significant step forward for cryptocurrency adoption at the state level. The legislation received strong bipartisan support, passing its second reading by a vote of 105-23. This landmark move may see Texas follow New Hampshire as a pioneer in state-managed Bitcoin reserves, though further steps are required before becoming law. The proposed ‘Texas Strategic Bitcoin Reserve and Investment Act’ would allow the state to hold and manage Bitcoin as a financial hedge, managed by the state comptroller in a dedicated fund separate from the treasury. An amendment added during the legislative session raised eligibility requirements for cryptocurrencies to be included in the reserve, requiring assets to maintain a market cap of $500 billion over two years. Rep. Giovanni Capriglione (R-Texas), who introduced the bill, described it as a ‘forward-thinking measure’ designed to bolster Texas’ financial resilience and position digital assets for long-term economic strategies. The legislation would pave the way for Texas to join New Hampshire in managing its own Bitcoin reserve, potentially establishing the state as a leader in crypto adoption. The bill’s passage is expected with strong bipartisan support, but further adjustments are required before it can be sent to the governor’s desk for signing. Arizona’s similar attempts earlier this year were unsuccessful after the Governor vetoed the measure. The Texas House of Representatives has taken significant steps towards shaping the future of state-level cryptocurrency adoption in the U.S.