Texas Senate Bill 21 Set for May 20 Vote on Strategic Bitcoin Reserve as White House Considers Gold for Bitcoin

Texas lawmakers are preparing for a final vote next week on Senate Bill 21, which proposes the establishment of a state-held strategic Bitcoin reserve. The bill is scheduled for a second reading in the Texas House on May 20, with a third reading and final vote expected to follow shortly thereafter. If passed, Texas would become one of the first U.S. states to implement a public cryptocurrency treasury policy. Meanwhile, the U.S. White House has indicated that gold reserves may be used to purchase Bitcoin, signaling growing federal interest in integrating cryptocurrency into government financial strategies.

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