Texas governor signs Bitcoin reserve bill into law

Description

Texas passed SB 21 to create a Bitcoin reserve requiring a $500 billion market cap asset, managed with expert guidance and protected from state treasury sweeps.

Authors

Vivian Nguyen

Publish date

June 22, 2025

Publisher

Crypto Briefing

Web URL

https://cryptobriefing.com/texas-bitcoin-reserve-law

Referenced by

Texas becomes third state to establish Bitcoin reserve

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Governor Abbott also signed HB 4488, a companion bill that shields the Bitcoin reserve from periodic treasury fund sweeps and affirms its legal standing even if no Bitcoin is purchased by summer 2025.

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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.

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