Texas is poised to take a major step towards solidifying its position in the crypto industry with the passage of a bill creating a Bitcoin reserve. This landmark legislation awaits final approval from Governor Abbott, potentially reshaping the state’s role as a cryptocurrency leader. Senate Bill 21, introduced by Senator Charles Schwertner, proposes allocating Texas resources to invest in Bitcoin and other eligible cryptocurrencies exceeding a $500 billion market capitalization. This decision marks an important step towards securing Texas’s future in the rapidly evolving digital economy. The bill’s passage has received strong support from key figures including Representative Giovanni Capriglione who viewed it as a significant step toward establishing Texas as a leader in this space.