Texas House to Review SB21 Bitcoin Reserve Bill; Committee Faces May 24 Deadline

The Texas House of Representatives is set to consider Senate Bill 21 (SB21), known as the Texas Bitcoin Reserve Bill, with a second reading scheduled for Tuesday, May 20. This step is necessary before a final floor vote, after which the legislature will adjourn two weeks later.

If enacted, the bill would establish a Texas Strategic Bitcoin Reserve, allowing the state comptroller to manage a fund outside the treasury to purchase Bitcoin and other digital assets with a market capitalization of at least $500 billion. Currently, only Bitcoin meets this threshold.

The reserve could be funded through legislative appropriations, airdrops, forks, investment earnings, and public or private donations. Assets would be held in cold storage and overseen by an advisory committee.

Texas would become the third U.S. state to approve such legislation, following New Hampshire and Arizona. Similar bills in Montana, Wyoming, and Oklahoma have failed earlier this year.

The bill is currently before the House Public Health Committee, which has until May 24 to advance it to a floor vote.

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