As Senate Bill 21 (SB-21) advances and suggests the establishment of a Bitcoin and cryptocurrency strategic reserve, Texas is on route to lead in digital asset adoption. On February 27, the Texas Senate Banking Committee voted 9–0 in favor of the measure, therefore opening the avenue for more Senate floor debate.
SB-21 gives the Texas Comptroller of Public Accounts power to oversee digital asset investments. Like other governmental financial reserves, the measure calls for careful handling of these expenditures under strategic monitoring. Bill supporters contend that Bitcoin and other cryptocurrencies are a great complement to the state’s financial portfolio since they offer protection against inflation and economic uncertainty.
Similar legislation to diversify their financial reserves is under consideration in other states like Oklahoma, Arizona, and Utah. Texas is leading the way, though, by aggressively polishing its bill to include other digital assets outside Bitcoin. Originally presented in January 2025 by State Senator Charles Schwertner, the measure was later changed in February to fit a federal project headed by U.S. President Donald Trump. Signed on January 23, his executive order sends a commission looking at the viability of a national digital asset reserve.
Industry experts spoke about the possible impact of the bill during a public hearing on February 18. While some, such as Nexo analyst Iliya Kalchev, think the hearing was essentially symbolic, others view SB-21 as a path toward mainstream Bitcoin acceptance. Advocate of Bitcoin and vice president of research at Riot Platforms, Pierre Rochard, spoke in favor of the law.
Should Texas proceed with SB-21, it may set a standard for other states to follow, hastening the inclusion of cryptocurrencies into official budgetary operations. All eyes stay on Texas and its audacious decision to create a digital asset reserve as debates go on.
