News View Non-AMP

Texas Becomes 3rd U.S. States to Pass a Strategic Bitcoin Reserve Bill Out of the House and Senate

Published by
Steve Muchoki
  • The Texas Senate must confirm the House amendment to the SB-21 bill before it can proceed to the governor’s desk.
  • On-chain data shows a supply shock has catalyzed Bitcoin’s bullish sentiment.

After the Texas Senate approved the Strategic Bitcoin Reserve (SB21) bill earlier in March 2025, the House passed it with a final vote of 101 to 42. Texas is now the third state in the country to pass an SBR bill in both the Senate and the House after New Hampshire and Arizona in the recent past. 

The SB21 bill in Texas has to be vetted again by the Senate after the House amendment changed some statutory provisions regarding the market cap of crypto assets. Notably, the Texas House changed the market cap average of $500 billion from 12 months to 24 months. 

According to Dennis Porter, the CEO and co-founder of Satoshi Action Fund, there is a 99+ percent chance that the Texas Senate will approve the amendment to SB21. Meanwhile, the SB21 bill will soon be forwarded to the State Governor, Greg Abbott, who will have 20 days to either sign or veto the bill.

Impact of Texas SBR Bill Approval on Bitcoin

Currently, BTC is the only cryptocurrency to meet the set standards by the Texas SB21 bill. If the Texas Governor signs it into law, the overall impact on the Bitcoin market will be immense in the coming months and years. 

Moreover, the adoption of Bitcoin by U.S. states will solidify it as a reliable digital gold amid economic turmoil. Already, Bitcoin price has enjoyed significant bullish sentiment fueled by rising demand from institutional investors and retail traders.

As Coinpedia reported, BTC price is well positioned to reach $150k before August, based on historical performance and current fundamentals.

Steve Muchoki

Recent Posts

BSC-based Memecoin BUILDon (B) Surges 150% After Support from World Liberty Financial (WLFI)

The WLFI team did not specify the financial details of the $B support but its…

May 22, 2025

New York Jury Convicts Ex-Safemoon (SFM) Executive on All Charges

The ex-Safemoon executives were charged with defrauding investors through unscrupulous smart contracts. SFM price dropped…

May 22, 2025

Here’s 5 Key Reasons Why BlackRock Isn’t Filing For XRP ETF Now!

BlackRock, the world’s largest asset manager with AUM of $11.6 trillion, has been leading the…

May 22, 2025

Pakistan Launches Digital Asset Authority to Regulate Crypto, Targeting $25B Market

Pakistan is officially stepping into the world of digital finance. The government has just launched…

May 22, 2025

Bitcoin Hits New All-time High Price $109,800— Veteran Trader Says Bull Run Begins

Bitcoin, the world's largest cryptocurrency by market cap, has just hit a new all-time high…

May 22, 2025

Top Reasons Why Bitcoin Price Rallied to New ATH Today, May 21

Several indicators suggest Bitcoin price has entered the euphoric phase of the 2024/2025 rally. The…

May 21, 2025