The Texas Strategic Bitcoin Reserve Bill SB 21 has been passed by the Senate vote

2025-03-07 08:05:39

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ChainCatcher news, according to CoinDesk, multiple states in the U.S. are increasingly inclined to invest public funds into the cryptocurrency sector following President Trump's announcement that the federal government will also take similar actions, with Texas now becoming one of the leading competitors in this field.

On Thursday, the Texas Senate passed Bill SB 21, which will allow the state to invest a portion of public funds into digital assets, particularly Bitcoin.

Texas Lieutenant Governor Dan Patrick issued a letter regarding the passage of the "Texas Bitcoin Reserve Act" in the Senate: "Establishing a Texas Bitcoin Reserve is a bold move that other states should emulate. I stand with President Trump and hope to make Texas the center of America's digital future."

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