Texas Bitcoin Reserve Bill SB 21 Nears Automatic Enactment

• Governor Abbott’s deadline to sign or veto SB 21 is Sunday, June 22, 2025.
• If no action is taken, SB 21 becomes law, establishing a state-run Bitcoin reserve.
• The bill empowers the Texas Comptroller to manage and report on a Bitcoin fund.

SB 21, the Texas Strategic Bitcoin Reserve and Investment Act, proposes creating a special Bitcoin‑only fund managed by the state Comptroller. The fund, held outside the main treasury, would use legislative appropriations, designated revenues, and investment returns to purchase, hold, and manage Bitcoin—provided the asset meets a $500 billion average market cap threshold over 24 months

Governor’s Deadline: Act or Let It Pass

Governor Greg Abbott has until Sunday, June 22, 2025, to sign or veto SB 21. Texas’s constitution ensures that inaction results in automatic enactment—no signature needed

What the Texas Policy Landscape Looks Like

With bipartisan approval, the bill reflects a shift toward modernizing public finance. It mandates cold storage, authorizes third-party custodians, and requires biennial Comptroller reporting . Supporters see it as a hedge against inflation and a step toward financial innovation, while critics warn of volatility risks and insufficient oversight .

Next Steps & Broader Impact

• If signed or enacted silently on June 22: Texas becomes the third U.S. state to hold Bitcoin as a state asset.
• The Comptroller will soon establish the reserve, appoint an advisory committee, and begin acquisition planning.
• Watch national attention—governors in other states are exploring similar strategies amid rising crypto adoption.

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