SB 21 creates the Texas Strategic Bitcoin Reserve, authorizing the state comptroller to invest in Bitcoin and other qualifying cryptocurrencies. The bill affirms that digital assets like Bitcoin can serve as strategic financial tools—hedging against inflation, enhancing resilience, and expanding Texas’s sovereignty over its financial future.

Aligning with Free Market Principles
The Libertarian Party of Texas (LPTexas) supports voluntary markets, alternative currencies, and individual financial autonomy (Platform § III, § II.1). By allowing the state to hold decentralized digital assets rather than relying exclusively on fiat currencies or federal institutions, SB 21 furthers our goals of decentralization and financial innovation.

Promoting Financial Transparency and Independence
Bitcoin represents a paradigm shift in monetary policy: peer-to-peer, verifiable, and beyond the reach of manipulative central banking. LPTexas has long advocated for monetary alternatives that resist inflationary control by federal authorities. SB 21 supports these ideals by anchoring part of the state’s reserves in decentralized assets with provable scarcity and global utility.

Protecting Texas from Economic Instability
State-managed reserves that include Bitcoin help buffer Texas against federal monetary mismanagement and economic downturns. By placing the reserve outside the state treasury and in cold storage with qualified custodians, SB 21 also respects principles of prudent, limited government investment. Oversight through public reporting and advisory committees ensures transparency and accountability in the reserve’s management.

Conclusion
The Libertarian Party of Texas supports SB 21 as a forward-thinking measure that embraces sound money principles, technological innovation, and financial autonomy. This legislation positions Texas as a leader in sovereign digital asset strategy while honoring the free-market foundations of our state. We urge lawmakers to pass SB 21 and champion economic freedom in the digital age.