On May 20, 2025, the Texas House of Representatives will hold the second reading of Senate Bill 21 (SB21) — a proposed law that, if passed, would allow the state of Texas to create a Strategic Bitcoin Reserve. The move could make Texas the first U.S. state to officially include Bitcoin in its treasury.
What Is SB21 and What Does It Propose?
Originally introduced by Senator Charles Schwertner and advanced in the House by Representative Giovanni Capriglione, SB21 lays out a framework for:
- Acquiring and holding Bitcoin as a state asset
- Managing a BTC reserve through the Texas Comptroller’s Office
- Establishing procedures for custody, security, and public transparency
- Issuing biannual reports on reserve holdings
The proposal is designed to diversify state financial assets and provide a long-term hedge against inflation and monetary instability.
A Bold Signal in the U.S. Crypto Landscape
SB21 passed the Texas Senate earlier this year and successfully moved through committee reviews. Today’s vote marks a major inflection point. If approved, the bill will move closer to becoming law — and Texas could become a model for crypto-driven financial policy at the state level.
This follows global trends where institutional players and even nation-states are exploring or adopting Bitcoin as part of reserve strategies. Analysts note that Texas’ decision could set a precedent, influencing other pro-crypto states such as Wyoming and Florida.
What Comes Next for SB21?
If the second reading is successful, SB21 will proceed to a third and final reading before a formal vote. If enacted, it could lead to:
- The creation of a state-managed BTC treasury
- A public statement of support for decentralized finance
- A potential boost in crypto business and mining interest in Texas
At a time when states are competing for blockchain innovation and capital, Texas appears ready to double down on its pro-Bitcoin stance.
Final Thoughts
Whether SB21 passes or not, today’s second reading reflects growing momentum behind the idea that Bitcoin has a place in state-level fiscal strategy. With increasing institutional adoption and macroeconomic uncertainty, moves like this are pushing crypto closer to mainstream financial infrastructure.
