Senate Bill 21 (SB21), also called the “Texas Strategic Bitcoin Reserve Act,” authorizes the establishment of the Texas Bitcoin reserve

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Authored by Senator Charles Schwertner, SB 21, also known as “The Texas Strategic Bitcoin Reserve Act,” aims to enable the establishment of a Bitcoin reserve outside the state treasury that the state comptroller will manage.
Texas Governor Greg Abbott has signed Senate Bill 21 (SB21), officially authorizing the creation of the Texas Strategic Bitcoin Reserve, a state-managed fund that will hold Bitcoin as part of the state’s long-term financial assets.
The newly signed legislation, dubbed SB21, authorises the creation of the Texas Strategic Bitcoin Reserve.