Texas takes a decisive step towards becoming the third U.S. state to implement a state-managed Bitcoin reserve. The Texas Strategic Bitcoin Reserve and Investment Act, SB 21, passed the House of Representatives with support from 101 members. The bill now awaits Governor Greg Abbott’s signature to become law. SB 21 would authorize the state comptroller to invest in Bitcoin and potentially other cryptocurrencies with a market cap exceeding $500 billion over the past year. Currently, Bitcoin is the only asset eligible for this investment. The legislation also mandates the creation of a formal Bitcoin reserve, positioning Texas at the forefront of incorporating digital assets into its financial strategy.