- Schwertner reintroduces the Strategic Bitcoin Reserve Bill to invest in Bitcoin with no purchase limit.
- The bill renamed Senate Bill 21 puts Texas as a leader in Bitcoin adoption and innovation.
- Other U.S. states, including Pennsylvania and Oklahoma, are exploring Bitcoin reserve plans.
The Texas Senate is once again making headlines in the crypto world. Senator Charles Schwertner has reintroduced the Strategic Bitcoin Reserve Bill, a proposal that could make Texas the first state to hold Bitcoin as part of its reserves. Schwertner first introduced the bill in January 2025, aiming to establish a Bitcoin reserve for Texas. Now, with Lieutenant Governor Dan Patrick naming it one of the Senate’s top 40 priority bills, momentum is building.
A Bold Move Toward Bitcoin Adoption
The Strategic Bitcoin Reserve Bill allows Texas to enter Bitcoin investments with other digital currencies exceeding $500 billion in market capitalization. The Texas state has complete freedom to invest any amount in Bitcoin through this bill because it does not establish purchase limits.
Schwertner believes Texas should lead in Bitcoin adoption. He has emphasized that the State could use Bitcoin to collect taxes, fees, and donations. With the bill now reintroduced as Senate Bill 21 (SB 21), lawmakers will soon debate its future.
Source: Texas Legislature
The idea follows the growing Bitcoin interest which continues to grow across State and national domains. With President Donald Trump taking office, Republican leaders have shown increasing support for Bitcoin as a strategic reserve asset. Many believe that the state of Texas stands as the top contender to guide this movement because it possesses America’s second-largest economy and has the most Bitcoin mining operations.
Related: Florida Bitcoin Bill Proposes 10% State Reserve Allocation
Growing Interest in Bitcoin Reserves Across the U.S.
Texas isn’t the only State pushing for Bitcoin adoption. Lawmakers in Pennsylvania, Oklahoma, North Dakota, and New Hampshire have also introduced Bitcoin reserve bills. These proposals aim to allocate state funds into Bitcoin, following the lead of major asset managers like BlackRock and Fidelity.
Oklahoma Representative Cody Maynard proposed House Bill 1203 which supported Bitcoin investment within the state pension funds. In Pennsylvania, the legislature has proposed giving the State Treasury authority to invest 10% of its assets into Bitcoin. Meanwhile, New Hampshire’s proposal takes a broader approach by considering digital assets beyond Bitcoin. As the States explore this new financial strategy, the idea of Bitcoin as a reserve asset continues to gain momentum.
