Bitcoin Reserve Bill SB 21 Awaits Governor Abbott’s Decision Automatically Becomes Law if No Action Taken by Sunday

HKAN | June 17

According to recent reports, Texas Governor Greg Abbott faces a critical deadline this Sunday to either sign or veto Senate Bill 21 (SB 21), also known as the Bitcoin Reserve Bill. If he takes no action, the bill will automatically become law under the Texas Constitution.

 

 

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What Is SB 21?

 

SB 21 proposes a groundbreaking step for Texas, requiring the state comptroller to:

 

Establish a Bitcoin reserve as part of Texas's financial strategy

 

Study and report on Bitcoin’s impact on state-level fiscal stability

 

Assess the feasibility of Bitcoin as a hedge against inflation and currency devaluation

 

 

If passed into law, Texas would become the first U.S. state to formally consider holding Bitcoin in its reserves, similar to a sovereign wealth approach.

 

 

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Governor Abbott’s Deadline

 

Under the Texas Constitution:

 

The Governor must sign or veto bills within a specific window after legislative passage

 

If no action is taken by Sunday, SB 21 will be enacted by default

 

 

This places Abbott at the center of a high-stakes decision that could significantly shape the future of Bitcoin policy in the U.S.

 

 

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Crypto Advocates Push for Action

 

Bitcoin supporters and crypto policy groups are urging the Governor to sign SB 21, citing the bill as a bold step toward financial innovation, sovereignty, and decentralization.

 

> “Texas has the opportunity to lead the nation in Bitcoin integration,” said one blockchain policy advocate.

 

 

 

Opponents, however, argue the bill could expose the state to unnecessary financial risk given crypto market volatility.

 

 

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What’s Next?

 

If no action is taken, SB 21 becomes law this Sunday — setting the stage for state-level Bitcoin adoption and a potential model for other U.S. states.

 

All eyes are now on Governor Abbott as the clock ticks down.