Texas Becomes the Third U.S. State to Establish a Bitcoin Reserve

By Yugocean | Crypto Champion | 22 Jun 2025

The Texas Strategic Bitcoin Reserve and Investment Act

On 22 June 2025, Texas Governor Greg Abbott signed Senate Bill 21 into law, the final day available for action on the bill. The legislation formally integrates Bitcoin reserves into the state’s legal framework, reinforcing Texas's status as a crypto-friendly state.

Crypto-Friendly States

Texas now joins New Hampshire and Arizona as one of three U.S. states currently holding Bitcoin as part of their financial reserves. Meanwhile, North Carolina, Oklahoma, and Alabama have similar bills pending, and at least 18 other states are actively reviewing crypto reserve legislation.

My Point

While investing in cryptocurrencies carries significant risks—such as price volatility, regulatory ambiguity, and cybersecurity threats—it is the government’s responsibility to foster a secure crypto environment. Even if volatility can’t be eliminated, a safe and regulated system benefits both citizens and the state.