Texas Goes Full Bull: House Passes Landmark Bitcoin Reserve Bill

Texas just doubled down on crypto—hard. The state House greenlit a bill to stash Bitcoin in its strategic reserves, making it the first in the U.S. to treat BTC like monetary gold. Because why let the Fed have all the fun?

No more waiting for Wall Street’s permission. Texas is cutting out the middleman and betting big on decentralized finance. The move sends a clear message: fiat’s losing its grip, and states are ready to hedge.

Of course, traditional finance won’t like this. Expect pearl-clutching op-eds about ’volatility’ from bankers who still think fractional reserve banking is sound economics. The irony writes itself.

Strategic Bitcoin Reserve Bill Passes in Texas House as it Heads to Governor’s Desk

As the United States approaches its Memorial Day, it has already been an incredible start to Q2 for Bitcoin and the crypto sector. Indeed, BTC reached a new all-time high of $109,424 on Wednesday. Moreover, it has continued to thrive in becoming a key mainstream asset in the country.

Those efforts took yet another major step forward at the midpoint of the week. Specifically, the Texas House of Representatives has officially passed a strategic Bitcoin reserve bill in a landmark voter turnout. The legislation is on the governor’s desk after a 101-42 vote in favor.

The bill was authored by Texas State Senator Charles Schwertner. Moreover, it will officially establish a Bitcoin reserve in the state that WOULD be managed by its comptroller. If signed into law by the state’s governor, it will authorize investment in any cryptocurrency with a market cap exceeding the $500 billion mark over the last 12 months.

Those requirements mean, for the time being, Bitcoin is the only cryptocurrency Texas can invest in. The move is yet another pro-crypto shift for the US. They follow the decision of US President Donald TRUMP to establish a similar reserve on the federal level. Additionally, states are expected to follow suit with the landmark decision.