The Texas Strategic Bitcoin Reserve Bill will undergo its second reading in the House on May 20.

On May 18, according to SAF co-founder Dennis Porter, the Texas Strategic Bitcoin Reserve Act (SB 21) will undergo its second reading in the House on May 20, which is a necessary step before the final vote. If the bill passes a full House vote before the Texas Legislature adjourns on June 2, it will be submitted to the governor for signing. On March 6, 2025, the Texas Senate passed the SB 21 bill with a vote of 25 in favor and 5 against, after which the bill entered the House for consideration. On May 8, 2025, the SB 21 bill was reviewed by the House committee without amendments and was moved to the full House voting stage. The SB 21 bill aims to establish a Texas Strategic Bitcoin Reserve to invest in Bitcoin and other Crypto Assets. The reserve fund will consist of legislative appropriations, dedicated revenue, purchased Crypto Assets, investment returns, and donations, and will employ security measures such as cold storage. The bill mentions the establishment of an advisory committee to provide investment strategy guidance and requires a transparent reserve report to be published every two years.