Texas Legislature Passes Bitcoin Reserve Act, Awaiting Governor's Signature to Take Effect According to http://(Bitcoin. com) News, the Texas Legislature passed the Texas Strategic Bitcoin Reserve and Investment Act (SB 21) on May 20, 2025, authorizing the state government to invest in Bitcoin. The bill has been submitted to Governor Greg Abbott, and if signed, it will make Texas the third state after New Hampshire and Arizona to establish official Bitcoin reserves. The bill stipulates that only digital assets with a market value exceeding $500 billion for 12 consecutive months can be included in reserves, and currently only Bitcoin meets the criteria.