Texas Strategic Bitcoin Reserve Bill SB21 Passes in State Senate
Texas’ Strategic Bitcoin Reserve legislation bill SB 21 officially passed today in the state’s senate committee. The senate was the last step for the Bitcoin bill to become official in the state of Texas. JUST IN: Bitcoin Reserve Bill SB21 passes in the Texas Senate. pic.twitter.com/KStfFXUvQV — Watcher.Guru (@WatcherGuru) March 6, 2025 SB-21 outlines a comprehensive framework for the establishment and administration of the Texas Strategic Bitcoin Reserve. The reserve is to be constituted as a special fund outside the state treasury, granting it greater autonomy and flexibility in investment strategies. The fund’s composition includes legislative appropriations, dedicated revenues, purchased cryptocurrencies, investment earnings, and donations. Notably, any cryptocurrency acquired must have an average market capitalization of at least $500 billion over the preceding 12 months, ensuring the reserve’s focus on established digital assets. The Texas Strategic Bitco...