Texas SB 21 Digital Asset Bill Nears Final State Vote

By: bitcoin ethereum news|2025/05/08 20:15:02

Texas Bitcoin reserve bill advances, final vote expected before June 2 legislative deadline. Bill expands beyond Bitcoin to include digital assets after Trump’s executive order. Other states like Utah and Arizona also explore Bitcoin reserves amid inflation concerns. A select committee within the Texas House of Representatives has given its approval to the Strategic Bitcoin Reserve Bill, designated SB 21, advancing this significant legislation a crucial step closer to becoming state law. The bill successfully cleared this key committee stage without any amendments and is now set for a final vote before the full state legislature. State Reserve Race Update: TEXAS Strategic Bitcoin Reserve Bill SB 21 has passed the DOGE Committee without amendment. Now there are no more referred Committees, so it should proceed to a final floor vote. pic.twitter.com/Y5tFui3Vxi — Bitcoin Laws (@Bitcoin_Laws) May 8, 2025 The final decision is expected before June 2, when the state legislature adjourns. If passed, Texas would formally begin the establishment of a strategic Bitcoin reserve to support financial resilience during periods of economic instability. Texas SB 21: Bill’s Scope Broadens from Bitcoin to Diverse Digital Assets Introduced by State Senator Charles Schwertner in January 2025, SB 21 initially proposed a Bitcoin-exclusive reserve for Texas. However, the bill underwent a significant amendment in February, expanding its reach to encompass a wider range of digital assets. Related: Texas Bitcoin Reserve Bill Up for Vote as Trump Administration Prepares Crypto Policy Release This change is understood to align with a January 23 executive order from President Donald Trump, which mandated a federal commission to study the feasibility of a national digital asset reserve. The Texas Comptroller of Public Accounts is designated by SB 21 to oversee the acquisition, trade, and management of these state-held digital assets. Related: Governor Hobbs Vetoes Arizona’s Bitcoin Reserve Bill For The State Texas SB 21: Mandates Prudent Investment and Hedging Against Inflation The Texas legislation stipulates that all transactions involving these digital assets must comply with the “prudent investor” standard—requiring demonstrated care, skill, and caution. The bill’s language identifies digital assets, including Bitcoin, as instruments Texas can use to potentially hedge against inflation and financial instability, supporting broader state goals of safeguarding public funds. Pierre Rochard, Vice President of Research at Riot Platforms, offered insights during a public hearing for Senate Bill 21. Riot VP at Texas Hearing: Bitcoin Offers Auditable Transparency for SB 21 Rochard, testifying before the committee, underscored the necessity for Texas to prepare for future economic uncertainties, despite its current strong economic position. He argued that Bitcoin’s inherently auditable ledger could bolster public trust and transparency in Texas’s management of the reserve, especially as confidence in conventional financial institutions is increasingly questioned. The progress of SB 21 in Texas is not an isolated event but rather part of an emerging pattern among U.S. states. Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company. Source: https://coinedition.com/texas-eyes-state-bitcoin-hoard-sb-21-bill-takes-major-step-forward/

Mainstream exchanges are, on one hand, massively delisting coins, and on the other hand, massively listing tokenized stock assets. Essentially, this is a supply-side reform aimed at "bad money." The quality of the asset targets and the compliance of the platforms will become the focus of competition...

Before the $75,000 Gamma level, both bulls and bears are waiting for a signal

The selling pressure is being digested, and the belief is still on the way.

Business Opportunities of Tokenized Stocks

In this article, we will outline the lifecycle of tokenized stocks, analyze the current market landscape, and highlight the emerging business opportunities.

In-depth research report on the Resolv protocol hacking incident, who is the final payer?

This incident reveals a fundamental weakness in Delta's stablecoin - the coupling point between the minting logic and off-chain signatures/oracles is the most vulnerable attack surface of the system. Any capital efficiency design of "1 dollar minted for 1 dollar" must be predicated on extremely rigo...

Crypto Market Sees Large Liquidations: $272 Million in Long Positions Affected

Key Takeaways In the last 24 hours, $272 million worth of contracts were liquidated across the entire crypto…

Whale Increases BTC Shorts and Bets on Crude Oil: A Strategic Crypto Move

Key Takeaways A prominent whale, known as “UnRektCapital,” has strategically escalated its short position in Bitcoin while simultaneously…

Hackers in Brazil Use Fake Google Play Store to Steal Cryptocurrency

Key Takeaways Hackers in Brazil are exploiting fake Google Play Store pages to spread Android malware. Infected devices…

Exchanging 200,000 for nearly 100 million, DeFi stablecoins face another attack

DeFi project teams cannot assume that the modules they control are necessarily secure.

The underlying business agreement of the trillion-dollar Agent economy: Understanding ERC-8183, it's not just about payments, but the future

This article systematically analyzes the technical principles and commercial value of the ERC-8183 protocol from the dimensions of technical architecture, core mechanisms, application scenarios, and ecological collaboration.

When Wall Street's ETH begins to "yield": Looking at the asset properties of Ethereum from BlackRock's ETHB

ETH is undergoing a paradigm shift from a "volatile asset" to a "yield-generating cash flow asset."

The Power of Agency: The Agentic Wallet and the Next Decade of Wallets

In 1984, Apple killed the command line with a mouse. In 2026, Agent is killing the mouse.

Understanding x402 and MPP in One Article: Two Routes for Agent Payments

x402 makes payments within the agreement, while MPP makes system-level payments.

Particle Founder: The entrepreneurial insights I have gained the most from in the past year

Stop lean startup, stop lightning entrepreneurship, and think carefully about what your product aspirations are.

Huang Renxun's latest podcast transcript: The future of Nvidia, the development of embodied intelligence and agents, the explosion of inference demand, and the public relations crisis of artificial intelligence

The competition in the future is not just about whose model is larger or whose computing power is stronger, but also about who understands the industry better, who can embed AI more deeply into real processes, and who can organize these capabilities into a runnable and scalable system.

OKX Ventures Research Report: AI Agent Economic Infrastructure Research Report (Part 1)

The existing infrastructure is hostile to the Agent economy. Agents can think and act independently at the "capability level," but at the "economic level," they are still locked into infrastructure designed for humans.

The migration of settlement rights: B18 and the institutional starting point of on-chain banks

In the traditional system, banks decide the settlement; in the on-chain system, code begins to take over this responsibility.

From Tencent and Circle: Looking at the Simple and Difficult Questions of Investment

The AI narrative continues to ferment, but the recent performance of related stocks varies, with some in the midst of summer and others as if in winter.

The second half of stablecoins no longer belongs to the crypto circle

What Coinbase doesn't want, Mastercard is eager to buy.