{"id":861131,"date":"2025-07-09T01:12:13","date_gmt":"2025-07-09T06:12:13","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/07\/09\/texas-bitcoin-reserve-bill-heads-to-key-reading-before-final-floor-vote\/"},"modified":"2025-07-09T01:12:13","modified_gmt":"2025-07-09T06:12:13","slug":"texas-bitcoin-reserve-bill-heads-to-key-reading-before-final-floor-vote","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/07\/09\/texas-bitcoin-reserve-bill-heads-to-key-reading-before-final-floor-vote\/","title":{"rendered":"Texas\u2019 Bitcoin reserve bill heads to key reading before final floor vote"},"content":{"rendered":"<p>Bitcoins <\/p>\n<div data-id=\"170469\" data-url=\"https:\/\/cryptobriefing.com\/texas-bitcoin-reserve-bill\/\">\n<section>\n<div>\n<p><a href=\"https:\/\/cryptobriefing.com\/bitcoin\/\" rel=\"tag\"><br \/>\n                    Bitcoin                <\/a>\n                    <\/p>\n<\/div>\n<p><span><span><a href=\"https:\/\/cryptobriefing.com\/\">Home<\/a><\/span> \u00bb <span><a href=\"https:\/\/cryptobriefing.com\/bitcoin\/\">Bitcoin<\/a><\/span> \u00bb <span aria-current=\"page\">Texas\u2019 Bitcoin reserve bill heads to key reading before final floor vote<\/span><\/span>        <\/p>\n<div>\n<div>\n<p><span>by<\/span><\/p>\n<div>\n<p><a data-author_id=\"29816\" href=\"https:\/\/cryptobriefing.com\/team\/vivian-nguyen\/\" rel=\"author\">Vivian Nguyen<\/a><\/p>\n<\/div><\/div>\n<p><time datetime=\"2025-05-17T22:44:28+00:00\"><br \/>\n                        May. 17, 2025                    <\/time>\n                            <\/p>\n<\/p><\/div>\n<\/section>\n<section>\n<h2>Bitcoins If not passed by adjournment on June 2, SB 21 dies and would need to be reintroduced in a future session.<\/h2>\n<\/section>\n<section>\n            <picture><source media=\"(min-width: 850px)\" ><img decoding=\"async\" fetchpriority=\"high\" src=\"http:\/\/cryptobriefing.com\/a551faf4-1761-46bc-9204-13a53d3ad524.jpg\" alt=\"bitcoins Texas' Bitcoin reserve bill heads to key reading before final floor vote\" title=\"bitcoins http:\/\/cryptobriefing.com\/a551faf4-1761-46bc-9204-13a53d3ad524.jpg\">\n            <\/picture>\n        <\/section>\n<p>Photo: AI\/ Crypto Briefing<\/p>\n<section>\n<section>\n<h3>Key Takeaways<\/h3>\n<ul>\n<li>Texas lawmakers are reviewing Senate Bill 21 to establish a state-managed Bitcoin reserve.<\/li>\n<li>The bill is part of Texas&#8217; broader crypto-friendly policies, potentially making it the third US state to establish a Bitcoin reserve.<\/li>\n<\/ul>\n<\/section>\n<section>\n<p>Share this article<\/p>\n<\/section>\n<p>        <?xml encoding=\"UTF-8\"><\/p>\n<p>The Texas House of Representatives will hold a key reading of Senate Bill 21 (SB 21), moving the state one step closer to creating a government-managed Bitcoin reserve, according to an update on the bill\u2019s <a target=\"_blank\" href=\"https:\/\/capitol.texas.gov\/BillLookup\/Actions.aspx?LegSess=89R&#038;Bill=SB21\" rel=\"noopener nofollow noreferrer\">official page<\/a>.<\/p>\n<p>Dennis Porter, co-founder and CEO of the Satoshi Action Fund, said in a Saturday statement that the second reading is \u201cthe necessary step\u201d before a final vote, given that the Texas legislature adjourns in less than two weeks, leaving a narrow window to get the bill across the finish line.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">STRATEGIC BITCOIN RESERVE IN TEXAS IS ON THE MOVE! <\/p>\n<p>The 2nd reading is coming May 20th which is the necessary step before it goes for the final house floor vote.<\/p>\n<p>Time is running out. The legislature will adjourn two weeks later! <a href=\"https:\/\/t.co\/mn0LHaKylL\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">pic.twitter.com\/mn0LHaKylL<\/a><\/p>\n<p>\u2014 Dennis Porter (@Dennis_Porter_) <a href=\"https:\/\/twitter.com\/Dennis_Porter_\/status\/1923818605013238128?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">May 17, 2025<\/a><\/p>\n<\/blockquote>\n<p><script type=\"rocketlazyloadscript\" async data-rocket-src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>If SB 21 clears this reading in the House, it is expected to move quickly to a third reading and final floor vote. If passed, the bill will go to the governor\u2019s desk for signature.<\/p>\n<p>The proposed legislation has already cleared two major hurdles, passing the Texas Senate in a 25\u20135 vote on March 6 and advancing through the House Committee in a 9\u20134 vote on May 7, with no amendments.<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/capitol.texas.gov\/tlodocs\/89R\/billtext\/html\/SB00021H.htm\" rel=\"noopener nofollow noreferrer\">SB 21<\/a>, titled the Texas Strategic Bitcoin Reserve and Investment Act, is authored by Senator Charles Schwertner and sponsored in the House by Representative Giovanni Capriglione. It would authorize the state to buy, hold, and manage Bitcoin as part of a government-run reserve.<\/p>\n<p>The initiative is designed to treat Bitcoin as a strategic financial asset\u2014one that could serve as a hedge against inflation and economic volatility, while enhancing the state\u2019s long-term financial resilience.<\/p>\n<p><html><body><\/p>\n<div class=\"ad-banner mrec-in-article\">\n<div class=\"code-block code-block-4 ai-track\" data-ai=\"WzQsIiIsIk1SRUMgSW4tYXJ0aWNsZSAtIDMwMHgyNTAiLCIiLDFd\" style=\"margin: 8px 0; clear: both; width: 300px; height: 250px;\">\n<div class=\"ai-rotate ai-unprocessed\" data-shares=\"WzEwMF0=\" style=\"position: relative;\">\n<div class=\"ai-rotate-option\" style=\"visibility: hidden;\" data-index=\"1\" data-name=\"U2V2aW8=\">\n<div style=\"width: 300px; height: 250px\">\n<script type=\"rocketlazyloadscript\" async data-rocket-src=\"https:\/\/cdn.adx.ws\/scripts\/loader.js\"><\/script><\/p>\n<div class=\"sevioads\" data-zone=\"e895191b-6d01-4021-992d-173ebfdf2d63\"><\/div>\n<p><script type=\"rocketlazyloadscript\">\n    window.sevioads = window.sevioads || [];\n    var sevioads_preferences = [];\n    sevioads_preferences[0] = {};\n    sevioads_preferences[0].zone = \"e895191b-6d01-4021-992d-173ebfdf2d63\";\n    sevioads_preferences[0].adType = \"banner\";\n    sevioads_preferences[0].inventoryId = \"c5700508-581b-472c-8fdd-a931cdbfc8e1\";\n    sevioads_preferences[0].accountId = \"1e47efc1-ec2d-4fca-a8b9-354e249e5095\";\n    sevioads.push(sevioads_preferences);\n<\/script>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><\/body><\/html><\/p>\n<p>The reserve would be funded through a mix of legislative appropriations, investment earnings, and voluntary donations from Texas residents. It would also include any Bitcoin or other qualifying crypto assets received via forks or airdrops.<\/p>\n<p>However, the bill sets strict eligibility criteria: any digital asset acquired for the reserve must have maintained a market capitalization of at least $500 billion over the past 12 months, a threshold currently met only by Bitcoin.<\/p>\n<p>If enacted, Texas would become the third U.S. state to establish a formal Bitcoin reserve, joining New Hampshire and Arizona.<\/p>\n<p>New Hampshire became the first US state to create a strategic Bitcoin reserve after the <a target=\"_blank\" href=\"https:\/\/cryptobriefing.com\/new-hampshire-bitcoin-reserve-fund\/\" rel=\"\">passage of House Bill 302<\/a> (HB 302) on May 6.<\/p>\n<\/p>\n<section class=\"article-share\">\n<p>Share this article<\/p>\n<div class=\"social-icons\">\n          <button class=\"social-icon share\" data-href=\"https:\/\/x.com\/intent\/tweet?text=Texas%E2%80%99+Bitcoin+reserve+bill+heads+to+key+reading+before+final+floor+vote&#038;url=https%3A%2F%2Fcryptobriefing.com%2Ftexas-bitcoin-reserve-bill%2F&#038;via=crypto_briefing\" aria-label=\"Share on x\"><br \/>\n        <?xml version=\"1.0\" encoding=\"UTF-8\"?><br \/>\n                <svg width=\"40px\" height=\"40px\" viewBox=\"0 0 40 40\" version=\"1.1\" xmlns:xlink=\"http:\/\/www.w3.org\/1999\/xlink\">\n                <g id=\"surface1\">\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 17.867188 0.148438 C 10.839844 0.878906 4.558594 5.507812 1.707031 12.054688 C -0.132812 16.28125 -0.441406 21.148438 0.867188 25.625 C 2.480469 31.214844 6.652344 35.933594 12.054688 38.292969 C 16.28125 40.132812 21.148438 40.4375 25.628906 39.132812 C 32.332031 37.199219 37.613281 31.695312 39.347656 24.851562 C 42.054688 14.132812 35.414062 3.171875 24.667969 0.613281 C 22.304688 0.0546875 20.226562 -0.09375 17.867188 0.148438 Z M 18.132812 12.535156 C 19.839844 14.800781 21.28125 16.667969 21.332031 16.667969 C 21.386719 16.667969 23.160156 14.800781 25.253906 12.535156 L 29.078125 8.398438 L 31.253906 8.398438 L 30.785156 8.894531 C 30.519531 9.171875 28.785156 11.054688 26.933594 13.066406 C 25.078125 15.078125 23.265625 17.039062 22.90625 17.398438 L 22.265625 18.078125 L 27.265625 24.734375 C 30.011719 28.398438 32.265625 31.441406 32.265625 31.492188 C 32.265625 31.558594 30.628906 31.601562 28.640625 31.601562 L 25 31.585938 L 21.613281 27.054688 C 19.28125 23.921875 18.1875 22.574219 18.078125 22.652344 C 18 22.71875 16.105469 24.761719 13.867188 27.1875 L 9.800781 31.601562 L 8.773438 31.601562 C 8.199219 31.601562 7.734375 31.574219 7.734375 31.535156 C 7.734375 31.492188 9.851562 29.171875 12.441406 26.386719 C 15.011719 23.601562 17.148438 21.265625 17.171875 21.226562 C 17.1875 21.171875 15.066406 18.28125 12.464844 14.800781 C 9.867188 11.332031 7.734375 8.464844 7.734375 8.441406 C 7.734375 8.414062 9.371094 8.398438 11.386719 8.398438 L 15.039062 8.398438 Z M 18.132812 12.535156 \" \/>\n                <path style=\" stroke:none;fill-rule:nonzero;fill:rgb(0%,0%,0%);fill-opacity:1;\" d=\"M 11.027344 10.1875 C 11.082031 10.28125 14.441406 14.785156 18.464844 20.171875 L 25.800781 29.988281 L 27.441406 30 C 28.453125 30 29.066406 29.945312 29.039062 29.867188 C 29.027344 29.800781 25.679688 25.292969 21.628906 19.867188 L 14.238281 10 L 12.585938 10 C 11.214844 10 10.933594 10.027344 11.027344 10.1875 Z M 11.027344 10.1875 \" \/>\n                <\/g>\n                <\/svg>      <\/p>\n<\/section>\n<\/div>\n<p> Vivian Nguyen <a href=\"https:\/\/cryptobriefing.com\/texas-bitcoin-reserve-bill\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin Home \u00bb Bitcoin \u00bb Texas\u2019 Bitcoin reserve bill heads to key reading before final floor vote by Vivian Nguyen May. 17, 2025 If not passed by adjournment on June 2, SB 21 dies and would need to be reintroduced in a future session. Photo: AI\/ Crypto Briefing Key Takeaways Texas lawmakers are reviewing Senate<\/p>\n","protected":false},"author":1,"featured_media":861132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4041,836],"tags":[11476],"class_list":{"0":"post-861131","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-texas","9":"tag-bitcoins"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/861131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=861131"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/861131\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/861132"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=861131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=861131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=861131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}