Texas, the world’s eighth-largest economy, has passed Senate Bill 21 — the Texas Strategic Bitcoin Reserve and Investment Act — which would allow the state to invest public funds in Bitcoin.
The bill cleared its final vote in the state House today and now moves to Governor Greg Abbott’s desk for approval. If signed into law, Texas would become the third U.S. state to officially create a Strategic Bitcoin Reserve, joining the growing trend of state-level cryptocurrency adoption.
The legislation outlines a plan for Texas to hold Bitcoin as part of its treasury strategy, aiming to remove thousands of BTC from circulation. Supporters say the move could strengthen the state’s financial independence and hedge against inflation.
SB21 marks a significant shift in how state governments view digital assets — not just as speculative investments but as part of long-term fiscal planning.
Featured image from: thedefiant.com