A Texas hearing is scheduled for April 23, 2025, to discuss establishing a strategic Bitcoin reserve, following the Senate’s approval of SB 21 (25-5 vote) on March 6, 2025, as reported by Bitcoin Magazine; this positions Texas as a potential pioneer in state-level Bitcoin adoption.
Texas, the 8th largest economy globally, aims to use Bitcoin as a hedge against inflation and economic volatility, a strategy supported by State Senator Charles Schwertner, despite concerns over cybersecurity risks highlighted by recent crypto hacks like the ByBit exchange incident noted in Forbes on February 27, 2025.
This reflects a broader U.S. trend of growing crypto adoption, with companies diversifying reserves and states exploring Bitcoin strategies, though regulatory challenges persist, as seen in Oregon’s lawsuit labeling XRP and other assets as unregistered securities, per TradingView News on April 22, 2025.
