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Last updated: June 19, 2025, 12:59  |  Written by: Brock Pierce

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The Texas Legislature Passed A

The Senate of Texas Approves the Proof-of-Reserves

Texas proof-of-reserve bill passes through the Senate

The Texas legislature passed a bill this week requiring cryptocurrency exchanges to provide a “proof of reserves,” the latest move by the lone star state.

The House Voted In Favor

The House voted in favor of Senate Bill 121 which would establish a Texas Strategic Bitcoin Reserve for the purpose of investing in cryptocurrency. BTC $ 108,818.21

Texas Proof Of Reserves BillTexas Blockchain Council

Texas Legislature Passes Bitcoin Reserve Bill - Bitcoin Magazine

Sb

Texas Senate Passes Proof-of-Reserves Bill - watcher.guru

SB 21 establishes and designates the Texas Bitcoin Reserve as a “special fund outside the state treasury”. The bill gives Texas Comptroller, Glenn Hegar, “custody and

Texas Senate passes bill that would establish state

Legislation That Could Require Exchanges

Texas Senate Passes Bill to Establish Bitcoin Reserve

Texas has passed Senate Bill 21, a measure establishing the Texas Strategic Bitcoin Reserve. This makes Texas the third U.S. state to adopt Bitcoin as part of its

Legislation that could require exchanges to maintain reserves “in an amount sufficient to fulfill all obligations to customers” has made it one step closer to becoming law in

Texas' Strategic Bitcoin Reserve Passes House, Awaits - CoinDesk

Texas Lawmakers Pass Proof-of-Reserves Cryptocurrency Bill

Brock Pierce can be reached at [email protected].

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