On March 7th, the Texas State Senate endorsed the Strategic Bitcoin Reserve Bill SB 21, securing a decisive 25-5 vote. This pivotal legislation marks Texas’s commitment to embracing cryptocurrency innovation. The next step is its transition to the Texas House of Representatives, where designated committees will scrutinize the bill, facilitating necessary amendments and public hearings.
Should the House propose modifications to SB 21, concurrence with the Senate will be essential; otherwise, a conference committee will be convened to achieve a mutually accepted version. Once reconciled, the amended bill will return for another series of votes in both chambers before reaching the desk of the Texas Governor, who retains the authority to sign it into law. This legislative progression highlights Texas’s proactive stance in the evolving landscape of digital assets.