In a move that could redefine how U.S. states interact with digital assets, Texas is one step away from officially launching its own Strategic Bitcoin Reserve. The bill aimed at establishing this reserve has cleared its second reading in the House with overwhelming bipartisan support, and is now headed for a third and final reading. If all goes smoothly, the legislation will be passed on to the governor for approval—bringing the Lone Star State to the forefront of crypto innovation in the U.S.
Lone Star State Moves Decisively
The momentum behind this bill is no fluke. Texas lawmakers are clearly aligned in their vision for embracing Bitcoin as a financial hedge and strategic asset. A recent update shared by crypto analyst Scott Melker on X (formerly Twitter) highlighted that the bill received a landslide vote during its second reading, showing just how united legislators are on this matter.
If the third reading goes as expected, the bill will be signed into law and executed under the purview of the Texas Comptroller of Public Accounts, the state official tasked with managing public finances. The bill outlines a framework to establish and maintain Bitcoin reserves at the state level, a move that mirrors how some countries treat gold reserves for economic stability.
A Trend Sweeping Across States
Texas is not alone in its ambitions. Arizona and New Hampshire have already enacted their own Strategic Bitcoin Reserve laws, setting the stage for what appears to be a national movement. Ever since former President Donald Trump signed an executive order in March promoting a national Bitcoin Reserve, states have been rushing to draft and pass similar legislation.
Crypto advocacy groups like SatoshiActFund, led by CEO Dennis Porter, have been instrumental in rallying support. Porter confirmed that the final reading in Texas could take place as soon as within the next 24 hours—after which, the legislation could land on the governor’s desk for final approval.
Global Interest Begins to Rise
But the excitement isn’t just limited to American soil. Ukraine has announced its intention to become the first European nation to propose a Strategic Bitcoin Reserve. That proposal is even gaining traction with major crypto players—Binance has stepped in, offering its support to help shape Ukraine’s Bitcoin ambitions.
Even the world of sports and entertainment is taking notice. Former UFC champion Conor McGregor is reportedly exploring the idea of establishing a Bitcoin reserve in Ireland, with rumors of an upcoming meeting with El Salvador President Nayib Bukele, the global poster child for national-level Bitcoin adoption.
Market Reactions and Bitcoin’s Bullish Surge
All this legislative and institutional activity is playing out against the backdrop of a red-hot crypto market. Bitcoin is currently hovering around $106,000, riding a wave of momentum partly driven by this surge in state-backed interest. Analysts believe that the growing number of jurisdictions adopting Bitcoin reserves is lending credibility and confidence to the asset, further fueling its price rise.
As more U.S. states and even countries start to view Bitcoin as a strategic tool for financial sovereignty, the idea of public Bitcoin reserves is shifting from a fringe concept to a plausible fiscal strategy.
Final Thoughts
Texas may soon etch its name in crypto history by becoming a pioneer among U.S. states with a state-backed Bitcoin reserve. With bipartisan momentum, national precedents, and international curiosity all aligning, this bill could mark a new chapter in how governments engage with digital assets. If signed into law, it might just prompt other states—and even more countries—to consider stacking sats on their own terms.
