Karthikeya Dandu

#TexasBTCReserveBill As of March 6, 2025, the Texas Senate has passed Senate Bill 21 (SB 21) with a 25-5 vote, advancing the proposal to establish a state-controlled cryptocurrency reserve. This bill, introduced by Senator Charles Schwertner, authorizes the state comptroller to purchase, hold, and manage Bitcoin and other digital assets as a hedge against inflation and economic volatility. The reserve would be funded through legislative appropriations and donations from private citizens and corporations. The bill will now proceed to the Texas House for further consideration. If enacted, Texas would become the first U.S. state to create its own cryptocurrency reserve. This legislative move aligns with recent federal initiatives, as President Donald Trump signed an executive order to establish a strategic Bitcoin reserve using seized cryptocurrency assets. While supporters argue that the reserve would diversify the state's investment portfolio and position Texas as a leader in digital asset innovation, critics express concerns about the volatility of cryptocurrencies and potential risks to taxpayers. The Texas House will now deliberate on SB 21, and its outcome will determine the state's role in cryptocurrency adoption and financial strategy. #Write2Earn #Trump’sExecutiveOrder