title: Texas House of Representatives Will Hold a Key Reading of Senate Bill 21

The Texas House of Representatives will hold a key reading of Senate Bill 21 (SB 21), moving the state one step closer to creating a government-managed Bitcoin reserve

The Texas House of Representatives will hold the second reading of Senate Bill 21 (SB 21), which proposes creating a strategic Bitcoin reserve.

The bill is one step closer to becoming law after clearing the House Committee without amendments and advancing to the second reading stage.

The bill is expected to move quickly to a third reading and final floor vote in the House.

If passed, the bill will go to the governor’s desk for signature.

The proposed legislation, authored by Senator Charles Schwertner and sponsored in the House by Representative Giovanni Capriglione, aims to authorize the state to buy, hold, and manage Bitcoin.

The initiative is designed to treat Bitcoin as a strategic financial asset, hedging against inflation and economic volatility.output: The Texas House of Representatives will hold the second reading of Senate Bill 21 (SB 21), which proposes creating a strategic Bitcoin reserve, according to an update on the bill’s official page.

The bill is one step closer to becoming law after clearing the House Committee without amendments and advancing to the second reading stage.

This comes ahead of a crucial time frame, given that the Texas legislature will adjourn in less than two weeks, leaving a narrow window to get the bill across the finish line.

If SB 21 clears this reading in the House, it is expected to move quickly to a third reading and final floor vote. If passed, the bill will go to the governor’s desk for signature.

The proposed legislation has already cleared two major hurdles, passing the Texas Senate in a 25-5 vote on March 6 and advancing through the House Committee in a 9-4 vote on May 7, again without any amendments.

Now, as the House prepares for the second reading of SB 21, the focus remains on getting the bill to a vote in the full chamber.

The bill, titled the Texas Strategic Bitcoin Reserve and Investment Act, is authored by Senator Charles Schwertner and sponsored in the House by Representative Giovanni Capriglione. It would authorize the state to buy, hold, and manage Bitcoin as part of a government-run reserve.

The initiative is designed to treat Bitcoin as a strategic financial asset—one that could serve as a hedge against inflation and economic volatility, ultimately enhancing the state’s long-term financial resilience.