The Texas Senate has just passed Senate Bill 21 (SB-21), which is a major step towards incorporating digital assets into the nation's financial system. The Texas Senate voted 25-5 to approve the Texas Bitcoin Reserve Act, which allows the state to invest public funds in bitcoin and other digital assets. Under SB-21, the Comptroller General of Texas will manage bitcoin reserves. The bill allows the state to hold digital assets with a total market cap of at least $500 billion. Currently, bitcoin is the only asset that meets this requirement. Funding will come from legislative grants and private and corporate donations. The bill also establishes the Strategic Bitcoin Reserve Advisory Committee, which will oversee investments and issue reports every two years to ensure transparency and accountability.