PRIA Logo™
TexasSB 2189th Legislature Regular SessionSenate

Relating to the establishment and administration of the Texas Strategic Bitcoin Reserve for the purpose of investing in cryptocurrency and the investment authority of the comptroller of public accounts over the reserve and certain other state funds.

Sponsored By: Giovanni Capriglione, Charles Cunningham, Oscar Longoria, Tom Oliverson, Charles Schwertner (Republican), Cody Vasut

Signed by Governor

Financial--GeneralState Finances--Management & ControlTEXAS STRATEGIC BITCOIN RESERVE AND INVESTMENT ACTAUDITS & AUDITORSCURRENCY & CURRENCY EXCHANGECOMPTROLLER OF PUBLIC ACCOUNTSTEXAS STRATEGIC BITCOIN RESERVE ADVISORY COMMITTEE

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

2 provisions identified: 0 benefits, 0 costs, 2 mixed.

Texas creates a limited cryptocurrency reserve

The law creates the Texas Strategic Bitcoin Reserve outside the state treasury, managed by the comptroller. It can receive state appropriations, dedicated revenue, cryptocurrency, and investment earnings; the law sets no appropriation amount. Investments must follow a prudent-investor standard, consider diversification, and can include the state treasury pool. Cryptocurrency bought with reserve money must average at least $500 billion in total market value over the latest 24 months. Reserve cryptocurrency or net sale proceeds can pay reasonable management costs. Treasury transfers require express legal approval, except temporary cash-management transfers, which can involve selling reserve assets. The comptroller must return temporary transfers as soon as practicable, with any interest earned. The law does not directly change household taxes or benefits.

Texas sets rules for reserve contractors

The comptroller can hire outside firms to manage the reserve, including qualified custodians using secure storage such as offline storage. Qualified trading providers must meet licensing or regulatory rules, have audited financial statements, and have five years of digital-asset trading experience. They must also maintain a Texas office and registered principal and certify that they meet these requirements. The comptroller can use derivatives only after determining they serve the reserve's best interest. The comptroller can also hire a certified public accountant for an independent audit; an audit is not required.

Sponsors & Cosponsors

Sponsors

  • Giovanni Capriglione

    House

  • Charles Cunningham

    House

  • Oscar Longoria

    House

  • Tom Oliverson

    House

  • Charles Schwertner

    Republican • Senate

  • Cody Vasut

    House

Cosponsors

  • Salman Bhojani

    House

  • Brad Buckley

    House

  • Benjamin Bumgarner

    House

  • Mano DeAyala

    House

  • Linda Garcia

    House

  • Cody Harris

    House

  • Richard Hayes

    House

  • Adam Hinojosa

    Republican • Senate

  • Lacey Hull

    House

  • Carrie Isaac

    House

  • Stan Kitzman

    House

  • Marc LaHood

    House

  • Suleman Lalani

    House

  • Terri Leo Wilson

    House

  • John Lujan

    House

  • John McQueeney

    House

  • Will Metcalf

    House

  • Angelia Orr

    House

  • Tan Parker

    Republican • Senate

  • Jared Patterson

    House

  • Dennis Paul

    House

  • Mary Ann Perez

    House

  • Dade Phelan

    House

  • Richard Peña Raymond

    House

  • Keresa Richardson

    House

  • Steve Toth

    House

  • Denise Villalobos

    House

  • Royce West

    Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 580 • No: 128

Senate vote • 5/30/2025

Record vote

Yes: 23 • No: 8

House vote • 5/29/2025

Record vote

Yes: 110 • No: 25

House vote • 5/21/2025

Record vote

Yes: 101 • No: 42

House vote • 5/20/2025

Record vote

Yes: 105 • No: 23

House vote • 5/20/2025

Record vote

Yes: 123 • No: 6

Senate vote • 3/6/2025

Record vote

Yes: 25 • No: 5

Senate vote • 3/6/2025

Record vote

Yes: 25 • No: 5

Senate vote • 3/6/2025

Record vote

Yes: 25 • No: 5

Senate vote • 3/6/2025

Record vote

Yes: 25 • No: 5

Senate vote • Unknown

Committee vote: Business & Commerce

Yes: 10 • No: 0

House vote • Unknown

Committee vote: Delivery of Government Efficiency

Yes: 8 • No: 4

Actions Timeline

  1. Effective immediately

    6/20/2025House

  2. Signed by the Governor

    6/20/2025House

  3. Sent to the Governor

    6/1/2025House

  4. Signed in the House

    6/1/2025House

  5. Signed in the Senate

    5/31/2025Senate

  6. Reported enrolled

    5/31/2025Senate

  7. Senate adopts conf. comm. report-reported

    5/31/2025House

  8. Record vote

    5/30/2025Senate

  9. Senate adopts conference committee report

    5/30/2025Senate

  10. House adopts conf. comm. report-reported

    5/29/2025Senate

  11. Statement(s) of vote recorded in Journal

    5/29/2025House

  12. Record vote (RV#4050)

    5/29/2025House

  13. House adopts conference committee report

    5/29/2025House

  14. Conf. Comm. Report distributed

    5/27/2025House

  15. Conference committee report filed

    5/27/2025Senate

  16. House appoints conferees-reported

    5/27/2025Senate

  17. House grants request for conf comm-reported

    5/27/2025Senate

  18. House appoints conferees

    5/27/2025House

  19. House grants request for conference committee

    5/27/2025House

  20. Senate appoints conferees-reported

    5/25/2025House

  21. Senate requests conference committee-reported

    5/25/2025House

  22. Senate refuses to concur-reported

    5/25/2025House

  23. Senate appoints conferees

    5/25/2025Senate

  24. Senate requests conference committee

    5/25/2025Senate

  25. Senate refuses to concur

    5/25/2025Senate

Bill Text

Related Bills

Back to State Legislation