Texas Strategic Bitcoin Reserve Bill says goodbye to the Senate
Today the Texas Senate SB 21 said goodbye to a draft law to create a strategic Bitcoin reserve for the state with a vote of 25-5. The invoice will now rise to the Texas House for further considerations.
The governor of Texas Lieutenant Dan Patrick identified SB 21 as a primary legal template for the legislative period 2025 last January. The draft law aims to position Texas as a leader in the acceptance of Bitcoin by setting up a BTC reserve that will serve supporters as protection against economic instability and inflation.
The support for the draft law was evident in a hearing on February 18 of the Senate Committee for Economic Affairs and Trade in Texas. The hearing drew numerous Bitcoin advocates, including Pierre Rochard from Riot Platforms, North America’s largest Bitcoin mining company. Rochard said in favor of the invoice and said: “Bitcoin will continue to achieve long -term value. Now is the perfect time to make a strategic investment. ”
The chairman of the Senate Committee for Economic Affairs and Trade, Charles Schwertner, also emphasized the growing role of Bitcoin on the financial markets and said: “Bitcoin, which is called digital gold by US financing, has become a recognized capital on the financial markets.”
The adoption of the draft law in the Senate is in the middle of the growing national interest in Bitcoin reserves. A few days ago, President Donald Trump announced that the United States would create a Bitcoin reserve of the federal government. President Trump is expected to continue to provide Bitcoin reserve on the basis of trading secretary Howard Lutnick’s comments during the upcoming summit digital asset in the White House in the White House. Lutnick said that an official announcement will be expected shortly, in which it is found: “A Bitcoin strategic reserve is something that the president is interested in. He talked about it during the campaign path and I think they will see them executed on Friday. ”
When SB 21 goes to the house in Texas, all eyes are aimed at whether Texas will successfully establish itself as a leader in the adoption of Bitcoin at the state level. When Texas is adopted, Texas could be the first US state of US state that Bitcoin officially held as part of his financial strategy and represents a precedent for other countries.
SB 21 approaches the finish line, which is officially signed in the law. Further updates of the status of SB 21 and other US Bitcoin Reserve can also be found in Bitcoin laws.
