Texas Moves Forward with Strategic Bitcoin Reserve Proposal

The Texas Senate Banking Committee unanimously advances a bill to establish a state-managed bitcoin reserve, positioning Texas as a leader in digital asset adoption.

• Texas Senate Banking Committee passed Senate Bill 21 (SB-21) with a 9-0 vote, proposing the creation of the Texas Strategic Bitcoin Reserve.
• The reserve would operate outside the state treasury, allowing flexibility in managing investments in bitcoin and other digital assets.
• SB-21 includes provisions for independent audits, third-party administration, and an advisory committee to oversee asset valuation and investment strategies.
• The proposal comes during a period of bitcoin price volatility, with the cryptocurrency experiencing a 20% decline since January 2025 due to market and security challenges.
• If approved, Texas would join a broader movement of U.S. states exploring digital asset reserves, with discussions of potential federal initiatives also gaining traction.

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