The civic record
Read. Follow. Verify.Texas establishes state bitcoin reserve and authorizes cryptocurrency payments for public fees
Last action · March 12, 2025: Referred to Delivery of Government EfficiencySponsor: Giovanni Capriglione
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What This Bill Proposed
Texas establishes a special state fund to hold bitcoin as a strategic financial asset, managed by the comptroller and funded in part through voluntary donations from state residents. The measure requires state agencies accepting cryptocurrencies to convert them to bitcoin for deposit into the reserve, and authorizes the comptroller to set rules allowing state agencies to accept certain cryptocurrencies for fees and taxes.
Who It Would Have Affected
Groups the bill's text would have affected, as described in the record. Being affected is not a position for or against it.
Texas residents
Texas residents are permitted to voluntarily donate bitcoin to the state reserve and may be recognized or receive acknowledgment certificates from the comptroller.
State agencies
State agencies may be authorized by comptroller rules to accept cryptocurrencies for fees and taxes, and must convert accepted cryptocurrencies into bitcoin for the reserve.
Comptroller of Public Accounts
The comptroller is tasked with administering the bitcoin reserve, maintaining custody of the assets, establishing security protocols, and submitting biennial reports.
Key Facts
You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.
Frequently Asked Questions
Who can donate bitcoin to the Texas Strategic Bitcoin Reserve?
How long must bitcoin remain in the state reserve before it can be sold or converted?
Can state agencies accept cryptocurrencies for paying taxes and fees?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
This bill did not become law - Died at adjournment · in House committee.
Procedural history
3 actions- Mar 12, 2025HouseCommitteeReferred to Delivery of Government Efficiency
- Mar 12, 2025HouseIntroducedRead first time
- Dec 12, 2024HouseIntroducedFiled
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Integration of Digital Assets into State Treasury
The bill marks a formal statutory shift by integrating decentralized cryptocurrency into state-held reserves and authorizing its use for state fee payments.
Connected Entities
Sources
capitol.texas.gov
Analysis Score
0–100- Significance20Lowered because this bill did not pass (its text scored 75)
- Controversy65Intensity of disagreement among stakeholders
- Entertainment20Compellingness for a non-policy-wonk reader
- Buzz70Current news / social attention level
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