Texas to Discuss $500M Bitcoin Reserve Bill on April 23

Texas has officially scheduled a public hearing for April 23, 2025, to discuss a new bill aimed at creating a Strategic Bitcoin Reserve.

Crypto Rover first shared the news on Twitter, quickly sparking major interest in the crypto community. If passed, the bill would allow the state to purchase $500 million worth of Bitcoin every year.

Texas to Discuss Bitcoin Reserve Bill, Source: X

Following the announcement, Bitcoin’s price increased around 1% and break over $85,000, according to CoinMarketCap.

Alongside the price surge, bitcoin’s 24-hour trading volume decreased 28.81% to $13.41 billion. This reflects strong trader activity and growing confidence in institutional support for Bitcoin.

The bill has already gone through several steps in the Texas Senate, including passing votes and readings in March. Now, with the House hearing set for April 23, the crypto community is watching closely to see if Texas will take a historic step toward officially holding Bitcoin as part of its reserves.

Also Read: Arizona Crypto Reserve Bill SB 1373 Passes House Committee

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

Follow The Crypto Times on Google News to Stay Updated!