Texas Moves Closer to Bitcoin Reserve: Bill Advances Towards Final Approval

The Texas House of Representatives has cleared the first reading of SB 21, paving the way for the state’s official entry into the cryptocurrency market. This bill proposes creating a “Texas Strategic Bitcoin Reserve” – allowing the state to invest in Bitcoin as part of its financial strategy. With the Senate already onboard, the proposal awaits the Governor’s final approval. Texas is poised to become one of the first states to allow government-backed Bitcoin investments, potentially setting a precedent for other states.