Everything is greater in Texas, as the popular proverb says. Now, Bitcoin adds to that reputation where the state is approaching its own strategy Bitcoin Reserve.
Initiative, It was passed by the 9-0 ground collapses on February 27, 2025, setting a bitcoin management and storage plan as part of a long -term investment strategy.
Texas Observer of Public Accounts will supervise the reserve, with the authority to obtain, sell or trade bitcoin as needed. The reserve will not be part of the Ministry of Governmental Treasury, allowing more flexibility in how to process money.
State strategy for bitcoin contract
Senator Charles Chouener, from Texas, carried out sponsorship Bitcoin Strategic Reserve in Texas Legislation in January 2025, but it was limited to bitcoin and did not include rulings to buy other digital assets.
The SB-21 aims to establishes a Bitcoin reserve in Texas. Source: Texas State Senate
It’s time for Texas to drive the road to creating a strategic bitcoin reserve. For this reason, SB 778, which, if passed and signed in the law, will make Texas the first state in the country to create a bitcoin strategic reserve. This would put our country in … pic.twitter.com/drdct86otr
– Charles Schweitner (DRSCHWERTNER) January 15, 2025
The reserve funds will come from different sources. These include legislative credits, investment profits, allocated revenues and special donations. The newly established advisory committee will help direct investment decisions. In addition, the draft law requires reports every two years to ensure transparency and track the performance of the reserve.
Bitcoin market fluctuations
Bitcoin price rises up and down a lot at the present time, but this proposal is still moving forward. Bitcoin deserves 79,500 dollars As of February 28, 2025, which is 8.3 % less than it was when it was last closed. More than that day was $ 86,970, and the lowest decreased is $ 79.105.
The way the price changes both the positives and negatives of trading or just the “fishing”. The price of Bitcoin has risen and reduced in the past, and some people say that Texas can become financially unstable if it has this unstable commodity. Some people, though, believe that bitcoin can be a way to protect against inflation and the weakness of the dollar.
How to compare Texas to other states
Not only Texas between the states that are achieved in cryptocurrency investments. Similar proposals By Oklahoma, Arizona and Utah, it explores the concept of inclusion of digital assets in their financial reserves. Texas seems to lead this charge, although none of these states has not yet done such legislation.
If SB-21 is aged, it may determine criteria for other countries. The result may affect the future feelings of governments towards encrypted currencies and may guarantee them in their public financial systems.
Defenders and critics are weighing
Supporters of this measure claim that Texas will find bitcoin attractive because its distributed character is unique. They see it as a way to create Lone Star State as a leader in adopting digital assets and thus enhancing the country’s financial independence.
On the other hand, bitcoin critics warn of irregular price fluctuations. They claim that if the reserve is lost, the taxpayers may find themselves over. These issues attracted attention as legislators discuss the plan given the low price of Bitcoin.
Currently, the draft law moves to the next stage, with Texas closely watching to see if the state will formally add bitcoin to its public budget.
Distinctive image from Gemini Imagen, the tradingvief chart
