Long-Awaited Good News for Bitcoin Comes from Texas

Texas Governor Greg Abbott has signed into law Bill SB 21, adding Bitcoin reserves to the state’s legal framework. With this move, Texas has become the third state in the US to create an official Bitcoin reserve.

According to the Bitcoin Laws platform, which tracks digital asset laws, 47 strategic Bitcoin reserve bills have been introduced in 26 states so far, with 13 bills under active consideration at the federal level.

This growing interest in digital asset reserves across the country parallels the policies of Donald Trump, who was re-elected in November 2024. Trump, who took office in January, has taken extensive steps to transform the U.S. into a more crypto-friendly environment, including reversing anti-crypto banking practices (debanking), appointing pro-crypto figures to key regulatory positions, and establishing a strategic Bitcoin reserve.

Trump signed an executive order on March 7, 2025, titled “Establishing a Strategic Bitcoin Reserve and U.S. Digital Asset Stockpile,” formalizing the idea of a Bitcoin-only reserve. The order also defined a “Digital Asset Stockpile,” which would include other digital assets such as XRP, SOL, and ADA. The move clarifies Trump’s idea of a broader digital asset reserve that he had outlined on March 2.

*This is not investment advice.