Texas Governor Greg Abbott posted on his official X government account the intention of Texas to establish a Strategic Bitcoin Reserve. Abbott reposted an article titled, “Texas Moves to Establish Strategic Bitcoin Reserve: A New Era in State Finance.”
Texas Moves to Establish Strategic Bitcoin Reserve: A New Era in State Finance.
— Greg Abbott (@GregAbbott_TX) May 23, 2025
via @techstoryin https://t.co/e5utsSzDfI
If the SB 21 bill is signed by Abbott, Texas will become the third state to establish a Strategic Bitcoin Reserve. SB 21 was authored by Senator Charles Schwertner and sponsored by Representative Giovanni Capriglione. The bill passed the Texas House of Respresentatives with a vote of 101-42. SB 21 now awaits Governor Abbott’s signature to make the Texas SBR the law. The dominoes are starting to fall.
UPDATE: SB 21 was signed by Greg Abbott on 21 June 2025.