Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Texas Bitcoin Reserve Bill Up for Vote as Trump Administration Prepares Crypto Policy Release

Texas Bitcoin Reserve Bill Up for Vote as Trump Administration Prepares Crypto Policy Release

CoinEditionCoinEdition2025/03/05 16:00
By:Izabela Anna

Texas moves closer to adopting Bitcoin as a state-backed strategic reserve. Trump’s crypto policy shift could redefine Bitcoin’s role in the U.S. economy. The Federal Bitcoin reserve may boost legitimacy and drive wider adoption.

  • Texas moves closer to adopting Bitcoin as a state-backed strategic reserve.
  • Trump’s crypto policy shift could redefine Bitcoin’s role in the U.S. economy.
  • The Federal Bitcoin reserve may boost legitimacy and drive wider adoption.

Texas is moving ahead with its Strategic Bitcoin Reserve Bill, SB21 , now put for vote. The bill, which signals the state’s growing adoption of Bitcoin, could make Texas the first state in the US in digital asset adoption. 

At the same time, on a national level, President Donald Trump is set to reveal a major cryptocurrency policy shift at the first-ever White House crypto summit this Friday. These developments indicate a heightened governmental interest in integrating Bitcoin into the broader financial system.

Texas Bitcoin Reserve Bill Faces Vote

Lawmakers in Texas could vote on the Strategic Bitcoin Reserve Bill as early as today. The legislation, which has been placed on the “notice of intent” list, aims to establish a state-backed Bitcoin reserve. 

If approved, it would cement Texas’ role in the digital asset space, setting a precedent for other states.

Related: Trump’s Crypto Reserve vs. US Data: Will This Week’s News Drive Bitcoin?

Trump’s Bitcoin Strategy to be Revealed

On the national front, the Trump administration is expected to make an announcement on cryptocurrency policy. 

Commerce Secretary Howard Lutnick has hinted at a new structure that would give Bitcoin special significance. While details remain few, it is clear that Trump sees Bitcoin as a strategic asset with long-term implications.

White House Summit: A Potential Turning Point

The upcoming crypto summit at the White House is set to be a key moment. It may provide clarity on how the administration plans to regulate digital assets and whether a federal Bitcoin reserve is in consideration. 

Related: Donald Trump’s Shift from Bitcoin Reserve to a ‘Broader’ Crypto Plan Sparks Debate

This move could reshape the U.S. financial world by offering Bitcoin a level of government backing, potentially increasing its legitimacy and adoption.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!