{"id":6367,"date":"2025-03-07T17:57:35","date_gmt":"2025-03-07T17:57:35","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=6367"},"modified":"2025-03-07T17:57:38","modified_gmt":"2025-03-07T17:57:38","slug":"texas-house-to-decide-fate-of-bitcoin-legislation-before-may-24","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/03\/07\/texas-house-to-decide-fate-of-bitcoin-legislation-before-may-24\/","title":{"rendered":"Texas House to Decide Fate of Bitcoin Legislation Before May 24"},"content":{"rendered":"\n<p>Texas lawmakers have advanced a bill that would enable public funds to be invested in Bitcoin, setting up a crucial vote in the state\u2019s House by May 24. The proposal, which passed the Senate with a 25-2 vote on March 6, marks a significant step in the growing state-level movement toward Bitcoin adoption in the U.S.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>State-Level Bitcoin Adoption Gains Momentum<\/strong><\/h3>\n\n\n\n<p>The bill\u2019s advancement highlights how U.S. states may successfully front-run federal authorities on Bitcoin reserve policies. According to Dennis Porter, founder of the Satoshi Act Fund, the Texas House could accelerate the process and send the bill to the governor\u2019s desk in the near future.<\/p>\n\n\n\n<p>More than two dozen states are currently debating legislation that would allocate taxpayer funds toward Bitcoin investments. Texas, the second-largest state economy with a $2.6 trillion GDP, and Utah are seen as leading contenders to pass such measures into law. This growing trend is fueled by increased crypto lobbying efforts and the return of Donald Trump as U.S. president.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Bitcoin Bill\u2019s Impact on National Crypto Policy<\/strong><\/h3>\n\n\n\n<p>The Texas Bitcoin bill comes just ahead of the White House Crypto Summit on March 7, where industry leaders and key policymakers are expected to discuss the role of Bitcoin in the national economy. Speculation is rising that President Trump will unveil a federal Bitcoin strategy at the event.<\/p>\n\n\n\n<p>David Sacks, White House AI and Crypto Czar, has criticized the U.S. government\u2019s previous Bitcoin handling, noting that the country sold 195,000 BTC for $336 million over 12 years\u2014missing out on nearly $17 billion in potential profits. In response, Trump has reportedly tasked the White House crypto working group with formulating a national Bitcoin reserve policy.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Future of a U.S. Bitcoin Reserve<\/strong><\/h3>\n\n\n\n<p>Howard Lutnick, U.S. Commerce Secretary and former Cantor Fitzgerald CEO, emphasized Trump\u2019s strong interest in establishing a Bitcoin reserve. However, questions have emerged over whether the reserve would include altcoins such as XRP, Solana, and Cardano. While Trump has suggested their inclusion, Lutnick clarified that Bitcoin will likely take center stage, with altcoins \u201ctreated differently\u201d but still acknowledged positively.<\/p>\n\n\n\n<p>As Texas moves closer to a legislative decision, its Bitcoin bill could serve as a blueprint for other states and further accelerate the push for broader governmental adoption of digital assets. With state initiatives moving ahead of federal regulation, the outcome of Texas\u2019 vote could shape the trajectory of Bitcoin\u2019s role in public finance across the country.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Texas lawmakers have advanced a bill that would enable public funds to be invested in Bitcoin, setting up a crucial vote in the state\u2019s House by May 24. The proposal, which passed the Senate with a 25-2 vote on March 6, marks a significant step in the growing state-level movement toward Bitcoin adoption in the&#8230;<\/p>\n","protected":false},"author":3,"featured_media":6376,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[69,401,400],"class_list":["post-6367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-bitcoin","tag-legislation","tag-texas"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Texas House to Decide Fate of Bitcoin Legislation Before May 24 - Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonewsdesk.com\/index.php\/2025\/03\/07\/texas-house-to-decide-fate-of-bitcoin-legislation-before-may-24\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Texas House to Decide Fate of Bitcoin Legislation Before May 24 - Crypto News\" \/>\n<meta property=\"og:description\" content=\"Texas lawmakers have advanced a bill that would enable public funds to be invested in Bitcoin, setting up a crucial vote in the state\u2019s House by May 24. The proposal, which passed the Senate with a 25-2 vote on March 6, marks a significant step in the growing state-level movement toward Bitcoin adoption in the...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptonewsdesk.com\/index.php\/2025\/03\/07\/texas-house-to-decide-fate-of-bitcoin-legislation-before-may-24\/\" \/>\n<meta property=\"og:site_name\" content=\"Crypto News\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-07T17:57:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-07T17:57:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptonewsdesk.com\/wp-content\/uploads\/2025\/03\/51-5-1024x576.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"576\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Digital Vibe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Digital Vibe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2025\\\/03\\\/07\\\/texas-house-to-decide-fate-of-bitcoin-legislation-before-may-24\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2025\\\/03\\\/07\\\/texas-house-to-decide-fate-of-bitcoin-legislation-before-may-24\\\/\"},\"author\":{\"name\":\"Digital Vibe\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#\\\/schema\\\/person\\\/56afc0b5a42e13762ccad410f131f96a\"},\"headline\":\"Texas House to Decide Fate of Bitcoin Legislation Before May 24\",\"datePublished\":\"2025-03-07T17:57:35+00:00\",\"dateModified\":\"2025-03-07T17:57:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2025\\\/03\\\/07\\\/texas-house-to-decide-fate-of-bitcoin-legislation-before-may-24\\\/\"},\"wordCount\":416,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2025\\\/03\\\/07\\\/texas-house-to-decide-fate-of-bitcoin-legislation-before-may-24\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptonewsdesk.com\\\/wp-content\\\/uploads\\\/2025\\\/03\\\/51-5.png\",\"keywords\":[\"bitcoin\",\"legislation\",\"texas\"],\"articleSection\":[\"Crypto News\",\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2025\\\/03\\\/07\\\/texas-house-to-decide-fate-of-bitcoin-legislation-before-may-24\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2025\\\/03\\\/07\\\/texas-house-to-decide-fate-of-bitcoin-legislation-before-may-24\\\/\",\"url\":\"https:\\\/\\\/cryptonewsdesk.com\\\/index.php\\\/2025\\\/03\\\/07\\\/texas-house-to-decide-fate-of-bitcoin-legislation-before-may-24\\\/\",\"name\":\"Texas House to Decide Fate of Bitcoin Legislation Before May 24 - 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