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BTC strategical reserve authorities astatine the authorities level mightiness punctual the US authorities to follow a strategical reserve astatine the national level.
Texas Senate Bill 21 (SB-21), establishing a Bitcoin and cryptocurrency strategical reserve, passed the Texas Senate Banking Committee connected Feb. 27 successful a 9–0 ballot and present advances to the Senate level for further deliberation.
The measure gives the Texas Comptroller of Public Accounts the authorization to acquire, merchantability and commercialized immoderate concern “that a prudent capitalist exercising tenable care, skill, and caution would acquire.” The measure besides read:
“Bitcoin and different cryptocurrencies tin service arsenic a hedge against ostentation and economical volatility, and the constitution of a strategical bitcoin reserve serves the nationalist intent of providing enhanced fiscal information to residents of this state.”Several US states person pending Bitcoin (BTC) strategical reserve bills, including Oklahoma, Arizona and Utah, to diversify authorities fiscal reserves and hedge against rising US dollar inflation.
Page 1 of SB-21 establishing a Bitcoin and integer plus reserve. Source: Texas State Senate
Related: Oklahoma BTC reserve measure passes House Committee; different states reject
Texas Bitcoin strategical reserve measure gets overhaul
The Texas strategical Bitcoin reserve authorities was introduced by State Senator Charles Schwertner successful January 2025 arsenic a Bitcoin-only measure that omitted the acquisition of different integer assets.
However, successful February 2025, the measure was refiled to see different integer assets pursuing US President Donald Trump’s Jan. 23 enforcement order directing a committee to survey the feasibility of a “digital plus stockpile.”
President Trump signs an enforcement bid connected cryptocurrencies. Source: The White House
Nexo expert Iliya Kalchev told Cointelegraph that the Feb. 18 public proceeding for SB-21 was symbolic and was not a large BTC adoption oregon terms catalyst.
Kalchev added that unless circumstantial policies were enacted — similar the authorities of Texas actively acquiring BTC arsenic portion of its portfolio — the markets would person a lukewarm effect to the news.
Pierre Rochard, a Bitcoin advocator and vice president of probe astatine mining institution Riot Platforms, testified astatine the proceeding for SB-21, arguing for a BTC strategical reserve.
The enforcement said that portion Texas presently has a flourishing economy, it indispensable beryllium prepared for aboriginal economical downturns and fiscal uncertainty.
“Public spot and fiscal institutions person eroded owed to a deficiency of transparency, but Bitcoin is simply a unsocial plus due to the fact that it is afloat auditable,” the enforcement added.
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