The Texas Strategic Bitcoin Reserve Act aims to create a state-controlled Bitcoin reserve. This initiative will strengthen financial security while allowing community investment through donations.

The proposed legislation outlines strict guidelines for the reserve’s management. The Texas Comptroller’s Office will ensure the secure custody of all Bitcoin and maintain transparency through regular audits.

The bill includes prohibiting Bitcoin acquisitions from foreign entities involved in illegal activities. During emergencies, the governor or Legislative Budget Board can authorize Bitcoin sales to support state finances.