The bill, titled the Texas Strategic Bitcoin Reserve and Investment Act, aims to position the state as a leader in cryptocurrency adoption by using bitcoin as a hedge against inflation. Managed by the Texas Comptroller, the reserve would invest only in cryptocurrencies with a 12-month average market capitalization of at least $500 billion—a threshold currently met solely by bitcoin.

Funding would come from legislative appropriations, donations, and investment earnings, with third-party custodians handling secure storage. SB 21 passed the House 101-42 after clearing the Senate 25-5 earlier in the session. If signed, the Comptroller must establish oversight rules and an advisory committee. The bill takes effect immediately with a two-thirds legislative majority or on Sept. 1, 2025, otherwise.

Proponents, including State Sen. Charles Schwertner, argue bitcoin offers financial resilience akin to gold. The crypto community celebrated the vote on social media, with posts garnering hundreds of thousands of views. Texas joins 24 states exploring similar legislation, signaling a national trend toward institutional crypto adoption.

The reserve could accept private bitcoin donations, minimizing taxpayer risk, and its success may influence broader market legitimacy. Gov. Abbott’s decision will determine whether Texas becomes the third U.S. state to implement a bitcoin reserve, following New Hampshire and Arizona. Implementation would require navigating volatility and security challenges, with biennial reports ensuring transparency.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。