Texas could become the first U.S. state to have a strategic Bitcoin reserve. After fierce debate, the U.S. State Senate of Texas has passed the Bitcoin Strategic Reserve Bill. The bill still needs to be signed into law by the Texas governor.
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Texas says yes to strategic Bitcoin reserve
The U.S. state of Texas has taken the next step in its Bitcoin adoption policy. The Texas Senate passed the Strategic Bitcoin Reserve bill on March 6. 25 senators voted in favor and only 5 against.
Bill to establish a strategic Bitcoin reserve was initiated in January 2025 by Charles Schwertner. The state senator strongly defended his bill to get to the vote. In particular, he said that a strategic Bitcoin reserve would help Texas shore up its balance sheet with a valuable and scarce asset.
We no longer have stacks of banknotes and vaults like in the Middle Ages. We have digital currency.
Senator Charles Schwertner.
The passage of the Bitcoin Strategic Reserve Bill is a first step. In order to take effect, the law must be signed by the state governor.
Other states still waiting
The Texas could become the first U.S. state to set up a strategic Bitcoin reserve. A total of 24 U.S. states have presented a strategic Bitcoin reserve bill.
One of them notably rejected the Bitcoin Strategic Reserve bill. The Montana House of Representatives estimated that investment in Bitcoin is speculative. Hope remains for the other 22 states.
The passage of the bill in Texas comes at a time when the United States has just introduced a strategic Bitcoin reserve. Although the US reserve is limited to only government-seized Bitcoins, its establishment remains an important milestone.
I dream of a world where every citizen has total control over themselves, including their finances. I believe that Bitcoin is one of the tools that will achieve this revolution. Since 2019, I am learning about this cryptocurrency and spreading the word around.
