Texas Close to Officializing Bitcoin Strategic Reserve as Other States Backtrack

• Texas Leads the Way with State Bitcoin Reserve Project
• Bitcoin price influences legislative decisions in the US
• States disagree on official use of cryptocurrencies

Texas is about to create a Strategic Bitcoin Reserve by 2025. Senate Bill 21, which aims to allow the state to maintain a reserve of BTC under the control of the state comptroller, has already passed the Senate and now awaits a final vote in the House of Commons.

The proposal has gained traction even as other states have taken a more cautious stance on Bitcoin. Pierre Rochard, CEO of The Bitcoin Bond Company, noted: “The Texas House committee has approved Bill 21, with the next steps being a vote by the full House and the governor’s signature. It seems likely that Texas will have a Strategic Bitcoin Reserve, but the big open question is how much BTC will be acquired.”

The Texas House committee has approved SB 21, next steps a Texas House vote by all members and the governor's signature.

It looks likely that Texas will have a Strategic Bitcoin Reserve, the big open question is how much BTC will be acquired. https://t.co/vXq5bqNw0d pic.twitter.com/FGONjPLzWT

— Pierre Rochard (@BitcoinPierre) May 8, 2025

Originally presented in January as an initiative focused exclusively on Bitcoin, the proposal was reworked in February to allow for the inclusion of other digital assets, reflecting a more comprehensive approach by the state.

Julian Fahrer, founder of Bitcoin Laws, noted that a final decision on the bill is expected to be made by June 2, when the state’s current legislature ends. Texas’ move comes as the price of BTC approaches the symbolic $100 mark, trading at $102.445 after rising 3,5% in the last 24 hours.

While Texas is leading the charge, other states are taking different paths. New Hampshire has gone ahead and officially sanctioned its own Bitcoin reserve, gaining local political recognition. North Carolina has also moved forward with legislation aimed at digital assets, and Arizona has created a fund to manage unclaimed cryptocurrencies.

On the other hand, Florida has backed down. The state withdrew two bills that would have invested up to 10% of certain public funds in Bitcoin, ending discussions during the end of the legislative session on May 3. The withdrawal signals a more conservative approach to the national debate over the role of cryptocurrencies in public finances.