The Texas House of Representatives has approved Senate Bill 21 (SB21), a groundbreaking measure that establishes a Strategic Bitcoin Reserve for the state. The bill passed with a decisive 101-42 vote and now moves to Governor Greg Abbott for final consideration before potentially becoming law. Authored by State Senator Charles Schwertner, SB21 authorizes Texas Comptroller to create and manage a dedicated fund outside the traditional state treasury for investing in Bitcoin and other cryptocurrencies meeting stringent market capitalization criteria. The bill permits investment only in digital assets with a market cap of at least $500 billion over the past 24 months, effectively limiting eligible assets to Bitcoin for now.