The U.S. state-level Bitcoin Strategic Reserve (SBR) competition has made new progress, with Texas poised to become the third state in the U.S. to hold Crypto Assets reserves.



Recently, Texas state legislators have advanced the Bitcoin Strategic Reserve (SBR) bill to its final stage. If successfully passed, the state will become the third state in the U.S. to have Crypto Assets reserves, following the previous passage of the bill in Arizona and New Hampshire.

On Wednesday, the Government Efficiency Committee of the Texas House passed Senate Bill 21 (SB 21) by a vote of 9 to 4, marking a critical stage for the bill. Two months ago, the bill also achieved an overwhelming victory in the Texas Senate with a vote of 25 to 5.

According to reports, the bill was proposed by State Senator Charles Schwertner (, which plans to allow the auditor general to invest in Crypto Assets with a market value of at least $500 billion within the past 12 months.

The CEO of the Bitcoin Bond Company, Pierre Rochard, is optimistic about SBR in Texas, but the current biggest issue is the unclear amount of BTC needed for acquisition. The 778 bill previously submitted by Schwetner called for a limit of $500 million in purchases per year, but his subsequent SB 21 bill removed this restriction and expanded the types of covered Crypto Assets.

According to Julian Fahrer, the founder of Bitcoin law )Julian Fahrer(, the Texas legislature will adjourn on June 2, so the final decision on SB 21 will be revealed in the next three weeks. If the House passes it, the bill will be submitted to the governor for signing or veto.

At the same time, prior to this, New Hampshire Governor Kelly Ayotte signed House Bill 302, allowing up to 5% of public funds to be invested in digital assets with a market capitalization of at least $500 billion; Arizona Governor Katie Hobbs signed Bill 2749, allowing unclaimed assets to be transferred into cryptocurrency reserves.

Do you think Texas can pass the Bitcoin Strategic Reserve ) SBR ( bill in June? Are you optimistic about the policy actions regarding the Bitcoin reserve competition among major states in the U.S.?

) US encryption policy #SBR
BTC1.13%
SBR1.7%
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