Texas Governor Signs Bill SB 21
Texas Governor Greg Abbott has signed Bill SB 21 into law, incorporating Bitcoin reserves into the state’s legal framework. With this legislation, Texas becomes the third U.S. state to officially create a Bitcoin reserve.
According to the Bitcoin Laws platform, which monitors legislation regarding digital assets, 47 strategic Bitcoin reserve bills have been introduced across 26 states, with 13 still actively considered at the federal level.
This increasing interest in digital asset reserves mirrors policies under President Donald Trump, who was re-elected in November 2024. Since taking office in January, Trump has made significant efforts to foster a more crypto-friendly environment, reversing anti-crypto banking practices (debanking), appointing pro-crypto individuals to key regulatory roles, and establishing a strategic Bitcoin reserve.
On March 7, 2025, Trump signed an executive order titled “Establishing a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile,” which formalizes the concept of a Bitcoin-only reserve. The order also describes a “Digital Asset Stockpile,” encompassing additional digital assets like XRP, SOL, and ADA. This move clarifies Trump’s vision of a comprehensive digital asset reserve outlined earlier on March 2.
This is not investment advice.
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