{"id":125971,"date":"2025-03-11T08:52:38","date_gmt":"2025-03-11T08:52:38","guid":{"rendered":"https:\/\/peraltafinancing.com\/activist\/texas-strategic-bitcoin-reserve-bill-passes-the-senate\/"},"modified":"2025-03-11T08:52:38","modified_gmt":"2025-03-11T08:52:38","slug":"texas-strategic-bitcoin-reserve-bill-passes-the-senate","status":"publish","type":"post","link":"https:\/\/fivemor.com\/?p=125971","title":{"rendered":"Texas Strategic Bitcoin Reserve Bill Passes The Senate"},"content":{"rendered":" \r\n<br><div>\n\n                                        \n\n\n<p><em>In a vote of 25-5, Texas\u2019 bitcoin reserve legislation has been approved by the Senate. It will now advance to the House.<\/em><\/p>\n\n\n\n<p>Today, the Texas Senate has passed SB 21, a bill aimed at creating a strategic Bitcoin reserve for the state, by a vote of 25-5. The bill will now advance to the Texas House for further consideration.<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex\">\n\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\">\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><p>\nhttps:\/\/twitter.com\/BitcoinMagazine\/status\/1897720645984960893\n<\/p><\/figure>\n<\/div>\n\n\n\n\n<\/div>\n\n\n\n<p>Texas Lieutenant Governor Dan Patrick\u00a0<a href=\"https:\/\/x.com\/BitcoinMagazine\/status\/1884672322843349277\" target=\"_blank\" rel=\"noreferrer noopener\">identified<\/a>\u00a0SB 21 as a priority bill for the 2025 legislative session this past January. The bill aims to position Texas as a leader in<a href=\"https:\/\/bitcoinmagazine.com\/guides\/what-is-bitcoin\" target=\"_blank\" rel=\"noreferrer noopener\">\u00a0Bitcoin<\/a>\u00a0adoption by establishing a reserve of BTC, which proponents argue will serve as a hedge against economic instability and inflation.<\/p><div class=\"g g-1\"><div class=\"g-single a-13\"><a class=\"gofollow\" data-track=\"MTMsMSwxLDYw\" href=\"https:\/\/thegrownetwork.com\/fundraiser\/?oid=132&amp;affid=305\" target=\"_blank\"><img loading=\"lazy\" width=\"800\" height=\"534\" decoding=\"async\" src=\"https:\/\/www.activistpost.com\/wp-content\/uploads\/2025\/02\/Grow-Network-Soil-800x534-1.png\"\/><\/a><\/div><\/div>\n\n\n\n<p>Support for the bill was evident during a February 18 hearing held by Texas\u2019 Senate Committee on Business and Commerce. The hearing drew numerous Bitcoin advocates, including Pierre Rochard of Riot Platforms, North America\u2019s largest Bitcoin mining company. Speaking in favor of the bill, Rochard stated, \u201cBitcoin will continue to accrue long-term value, so now is the perfect time to make a strategic investment.\u201d<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-2 wp-block-columns-is-layout-flex\">\n\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\">\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><p>\nhttps:\/\/twitter.com\/BitcoinMagazine\/status\/1891937641509093564\n<\/p><\/figure>\n<\/div>\n\n\n\n\n<\/div>\n\n\n\n<p>Senate Committee on Business and Commerce Chairman Charles Schwertner also emphasized Bitcoin\u2019s growing role in financial markets, saying, \u201cBitcoin, referenced as digital gold by the US Treasury, has become a recognized asset in the financial markets.\u201d<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-3 wp-block-columns-is-layout-flex\">\n\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\">\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><p>\nhttps:\/\/twitter.com\/BitcoinMagazine\/status\/1891880483434213628\n<\/p><\/figure>\n<\/div>\n\n\n\n\n<\/div>\n\n\n\n<p>The bill\u2019s passage in the Senate comes amid growing national interest in Bitcoin reserves. Just days ago, President Donald Trump\u00a0<a href=\"https:\/\/x.com\/BitcoinMagazine\/status\/1896239889647292567\" target=\"_blank\" rel=\"noreferrer noopener\">announced<\/a>\u00a0that the United States would be creating a federal\u00a0<a href=\"https:\/\/bitcoinmagazine.com\/guides\/what-is-bitcoin\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin<\/a>\u00a0reserve. President Trump is expected to provide further details on the federal Bitcoin reserve during the upcoming Digital Assets Summit at the White House tomorrow, based on Commerce Secretary Howard Lutnick\u2019s comments yesterday. Lutnick\u00a0<a href=\"https:\/\/x.com\/BitcoinMagazine\/status\/1897302890261446902\" target=\"_blank\" rel=\"noreferrer noopener\">said<\/a>\u00a0that an official announcement is expected soon, stating, \u201cA Bitcoin strategic reserve is something the President\u2019s interested in. He spoke about it all during the campaign trail, and I think you\u2019re going to see it executed on Friday.\u201d<\/p>\n\n\n\n<p>As SB 21 moves to the Texas House, all eyes are on whether Texas will successfully establish itself as a leader in Bitcoin adoption at the state level. If passed, Texas could become the first U.S. state to officially hold Bitcoin as part of its financial strategy, setting a precedent for other states to follow.<\/p>\n\n\n\n<p>SB 21 is getting close to the finish line of becoming officially signed into law. More updates on the status of SB 21 and other U.S. Bitcoin reserve legislation can also be found on\u00a0<a href=\"https:\/\/bitcoinlaws.io\/\" target=\"_blank\" rel=\"noreferrer noopener\">Bitcoin Laws<\/a>.<\/p>\n\n\n\n\n\n            \n        <\/div><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\r\n<br>\r\n","protected":false},"excerpt":{"rendered":"<p>In a vote of 25-5, Texas\u2019 bitcoin reserve legislation has been approved by the Senate. It will now advance to the House. Today, the Texas Senate has passed SB 21, a bill aimed at creating a strategic Bitcoin reserve for the state, by a vote of 25-5. The bill will now advance to the Texas [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":125972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12022],"tags":[6795,12920,22185,2002,21482,12953,12700],"dealstore":[],"offerexpiration":[],"class_list":["post-125971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-activist","tag-bill","tag-bitcoin","tag-passes","tag-reserve","tag-senate","tag-strategic","tag-texas"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Texas Strategic Bitcoin Reserve Bill Passes The Senate - Som2ny Network<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fivemor.com\/?p=125971\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Texas Strategic Bitcoin Reserve Bill Passes The Senate - Som2ny Network\" \/>\n<meta property=\"og:description\" content=\"In a vote of 25-5, Texas\u2019 bitcoin reserve legislation has been approved by the Senate. 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