Texas Senate Passes Bitcoin Reserve Bill, Approaching Final Approval

The Texas Senate has unanimously approved the conference committee report for Senate Bill 21, clearing a crucial hurdle for the state’s proposed Bitcoin reserve fund. With this decisive vote, the legislation now moves to Governor Greg Abbott for final approval and signature. Senator Schwertner highlighted that the bill creates the Texas Strategic Bitcoin Reserve (SBR), an independent fund managed by the State Comptroller of Public Accounts. This marks a significant step towards establishing Texas as a leader in cryptocurrency adoption and financial diversification.