Texas Moves Closer to Holding Bitcoin Reserves With House Approval

Texas lawmakers have advanced Senate Bill 21, a proposal to create a state-managed Bitcoin reserve, with a strong 105-23 vote in the House.

The bill, which now moves to a third reading, includes a new amendment requiring any eligible cryptocurrency to maintain a $500 billion market cap over two years. If enacted, Texas would become the second U.S. state to hold Bitcoin as a strategic reserve, following New Hampshire. The reserve would be managed by the state comptroller. Guided by a crypto advisory committee. And positioned as a hedge against inflation and economic volatility.

Clever Robot News Desk 22^th May 2025