What is a Strategic Bitcoin Reserve (SBR) bill?

A Strategic Bitcoin Reserve (SBR) bill is legislation that would enables a government (state or federal) to hold bitcoin as a reserve asset in their treasury.

How does the Bitcoin Laws 'Strategic Bitcoin Reserve' Tracker work?

The SBR Tracker monitors Bitcoin legislation across all U.S. states in real-time. It tracks bills through various legislative stages: Introduction, Committee hearings, Chamber votes, and final enactment. Our platform provides the most up-to-date information about Strategic Bitcoin Reserve bills and other digital assets legislation, helping you stay informed about your state's progress.

What types of digital assets legislation do you track?

We primarily track Strategic Bitcoin Reserve (SBR) bills and other Bitcoin legislation at the state level. We also monitor other bills related to bitcoin mining, self custody, commercial codes, or any other matter related to bitcoin and digital assets regulation.

How often is the SBR Tracker updated?

The Strategic Bitcoin Reserve Tracker is updated regularly as bills progress through state legislatures. We monitor legislative sessions, committee hearings, and votes to provide the most current status of Bitcoin laws across the United States. Our platform automatically tracks changes in digital assets legislation to ensure accuracy.

Why do some states apparently have multiple Bitcoin Reserve bills at the same time?

States often have multiple Bitcoin-related bills active simultaneously for several reasons: 1) Companion Bills: Many states introduce identical or similar bills in both chambers (House and Senate) to increase chances of passage and speed up the legislative process, 2) Different Approaches: Some states have separate bills for different aspects of Bitcoin policy - one might focus on state treasury investment while another addresses mining or regulatory frameworks, 3) Competing Versions: Legislators may introduce different versions of similar bills, varying in details like investment amounts or implementation strategies.

What are the stages a bill goes through before becoming law?'

State bills follow a standardized process through the legislature: Introduction: Bills can be introduced in either the House or Senate chamber. First Committee (Committee 1): The bill goes through committee hearings, where it\'s studied, debated, and possibly amended. This is often where bills face their first major hurdle. First Chamber Vote (Chamber 1): If approved by committee, the bill is voted on by the full chamber where it was introduced. Second Committee (Committee 2): After passing the first chamber, the bill moves to the other chamber (House if it started in Senate, or vice versa) where it goes through another committee process. Second Chamber Vote (Chamber 2): The bill faces another full chamber vote. Governor's Desk: If passed by both chambers, the bill goes to the governor to be signed into law or vetoed. Enacted: Once signed by the governor, the bill becomes law. Note: Bills can fail or "die" at any of these stages. Our tracker uses these standardized stages (Committee 1, Chamber 1, etc.) rather than specific House/Senate labels because bills can start in either chamber, making the process easier to follow regardless of where each bill originates.

Bitcoin Laws

Bitcoin Laws in Texas

Track Texas's bitcoin laws, including SBR bills and digital asset legislation.

Current Legislation

8 Bills

HB1598

SBR

Relating to the establishment of a bitcoin reserve within the state treasury and the management of cryptocurrencies by governmental entities.

Committee 1

HB4258

SBR

Relating to the authority of the comptroller of public accounts and certain political subdivisions of this state to invest certain money in cryptocurrencies.

Committee 1

HB5352Relating to the establishment of the State Blockchain Technology Pilot Program by the Department of Information Resources.

Introduced

SB21

SBR

Relating to the establishment and administration of the Texas Strategic Bitcoin Reserve for the purpose of investing in cryptocurrency and the investment authority of the comptroller of public accounts over the reserve and certain other state funds.

Committee 2

SB778

SBR

Relating to the establishment and administration of the Texas Strategic Bitcoin Reserve; making an appropriation.

Committee 1

SB1498Relating to civil asset forfeiture of digital currency or other similar property.

Introduced

SB1941Relating to certain reports required to be filed by digital asset service providers.

Committee 1

SB2922Relating to the issuance and regulation of an oil-backed stablecoin; authorizing a fee; authorizing an administrative penalty.

Introduced