{"id":14506,"date":"2025-05-08T12:54:23","date_gmt":"2025-05-08T12:54:23","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=14506"},"modified":"2025-05-08T12:54:27","modified_gmt":"2025-05-08T12:54:27","slug":"texas-house-committee-advances-bitcoin-reserve-bill-to-full-floor-vote","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/texas-house-committee-advances-bitcoin-reserve-bill-to-full-floor-vote\/","title":{"rendered":"Texas House Committee Advances Bitcoin Reserve Bill to Full Floor Vote"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\" id=\"h-lone-star-state-inches-closer-to-establishing-a-strategic-bitcoin-fund\">Lone Star State Inches Closer to Establishing a Strategic Bitcoin Fund<\/h3>\n\n\n\n<p>Texas is one step closer to creating a state-managed Bitcoin reserve. On May 7, the Texas House Committee on Delivery of Government Efficiency voted 9-4 along party lines to approve Senate Bill 21 (SB 21), moving it forward to the full House for a final vote.<\/p>\n\n\n\n<p>The Republican-led bill has already passed the Texas Senate with a 25-5 vote on March 6. If approved by the House and signed by Governor Greg Abbott, SB 21 would establish the \u201cTexas Strategic Bitcoin Reserve,\u201d a first-of-its-kind initiative for the state.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-bitcoin-only-focus-with-room-for-expansion\">Bitcoin-Only Focus With Room for Expansion<\/h3>\n\n\n\n<p>SB 21 would empower the state\u2019s comptroller\u2014currently Glenn Hegar\u2014to invest in digital assets with a market capitalization of at least $500 billion. At present, only Bitcoin meets that threshold.<\/p>\n\n\n\n<p>Initially filed in January as a Bitcoin-only bill by Republican Senator Charles Schwertner, the legislation was later amended in February to potentially include other high-market-cap digital assets.<\/p>\n\n\n\n<p>Julian Fahrer, founder of Bitcoin Laws, posted on X that the bill\u2019s future should be determined before the Texas legislative session adjourns on June 2. If passed by the full House, the bill will head to Governor Abbott\u2019s desk. Abbott, a long-time crypto advocate, has publicly supported making Texas the \u201ccrypto capital\u201d of the U.S. and accepted Bitcoin donations during his 2014 campaign.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-a-growing-trend-among-u-s-states\">A Growing Trend Among U.S. States<\/h3>\n\n\n\n<p>Texas joins a growing list of states moving toward formal crypto investment policies. On the same day as the Texas committee vote, Arizona Governor Katie Hobbs signed a law creating a Bitcoin and Digital Asset Reserve Fund funded by unclaimed crypto, not taxpayer dollars.<\/p>\n\n\n\n<p>Just one day earlier, New Hampshire Governor Kelly Ayotte signed House Bill 302, allowing her state to invest in cryptocurrencies with a market cap over $500 billion\u2014again, effectively focusing on Bitcoin.<\/p>\n\n\n\n<p>Florida, however, went in the opposite direction. On May 3, it dropped two proposed Bitcoin reserve bills as part of a legislative session that passed 230 unrelated measures, ranging from fluoride bans to smartphone restrictions in schools.<\/p>\n\n\n\n<p>Texas now stands at a pivotal moment, with the potential to lead on state-level Bitcoin integration if SB 21 clears its final hurdle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lone Star State Inches Closer to Establishing a Strategic Bitcoin Fund Texas is one step closer to creating a state-managed Bitcoin reserve. On May 7, the Texas House Committee on Delivery of Government Efficiency voted 9-4 along party lines to approve Senate Bill 21 (SB 21), moving it forward to the full House for a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":6512,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[257,2,43],"tags":[],"class_list":{"0":"post-14506","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-featured","9":"category-general-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Texas House Committee Advances Bitcoin Reserve Bill to Full Floor Vote<\/title>\n<meta name=\"description\" content=\"Lone Star State Inches Closer to Establishing a Strategic Bitcoin Fund Texas is one step closer to creating a state-managed Bitcoin reserve. On May 7, the\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cryptometer.io\/news\/texas-house-committee-advances-bitcoin-reserve-bill-to-full-floor-vote\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Texas House Committee Advances Bitcoin Reserve Bill to Full Floor Vote\" \/>\n<meta property=\"og:description\" content=\"Lone Star State Inches Closer to Establishing a Strategic Bitcoin Fund Texas is one step closer to creating a state-managed Bitcoin reserve. 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