Texas Bitcoin Reserve Bill SB-21 Moves to Senate Floor After Committee Approval

YEREVAN (CoinChapter.com) — The Texas Senate Banking Committee approved Senate Bill 21 (SB-21) on Feb. 27, allowing it to move to the Senate floor for further debate. The bill proposes the creation of a Texas Bitcoin reserve, allowing the Texas Comptroller of Public Accounts to acquire, sell, and trade Bitcoin and other digital assets.

The bill states that Bitcoin and digital assets could act as a hedge against inflation and economic uncertainty, providing financial security to the state’s residents. The 9–0 vote in favor of SB-21 signals growing interest in state-level Bitcoin reserves.

Multiple States Explore Bitcoin Strategic Reserves

Other states, including Oklahoma, Arizona, and Utah, have introduced similar bills to establish a Bitcoin strategic reserve. These efforts aim to diversify financial reserves and address concerns about US dollar inflation.

The push for state-backed Bitcoin reserves raises questions about whether the US federal government might adopt a national Bitcoin reserve strategy. Several policymakers have discussed the potential benefits of holding Bitcoin as a financial asset.

SB-21 Expands to Include Other Digital Assets

When State Senator Charles Schwertner introduced SB-21 in January 2025, the bill focused exclusively on Bitcoin. However, in February 2025, lawmakers expanded the bill to cover other digital assets.

The revision followed President Donald Trump’s executive order on Jan. 23, which directed a commission to study the feasibility of a digital asset stockpile. This policy shift influenced lawmakers to reconsider the scope of the Texas digital asset reserve.

Experts and Industry Figures React to SB-21

At the Feb. 18 public hearing, experts discussed the bill’s potential impact. Iliya Kalchev, an analyst at Nexo, stated that the hearing was largely symbolic and did not significantly affect Bitcoin adoption or price movements.

At the same hearing, Pierre Rochard, a Bitcoin advocate and vice president of research at Riot Platforms, spoke in favor of the bill. He said Texas must be prepared for future economic challenges and emphasized Bitcoin’s transparency.

“Public trust and financial institutions have eroded due to a lack of transparency, but Bitcoin is a unique asset because it is fully auditable.”

The bill now moves to the Texas Senate, where lawmakers will debate its potential role in state financial policy. If passed, Texas could become one of the first US states to officially hold Bitcoin and digital assets in a state-controlled reserve.

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