PANews reported on February 14 that Texas lawmakers have reintroduced a bill aimed at establishing a strategic Bitcoin reserve, now designated as SB 21, which allows investments in additional cryptocurrencies. Senator Charles Schwertner announced the bill on February 12, emphasizing that it will make the state the first to establish a cryptocurrency reserve, potentially promoting innovation and "financial freedom." The new legislation builds on SB 778 , an old bill introduced in January this year that focuses on Bitcoin. SB 778 restricts state governments to only buying and holding Bitcoin and not using it for other operations, while SB 21 expands the scope to allow investments in cryptocurrencies that maintain a market value of at least $500 billion in a year. However, Bitcoin is currently the only cryptocurrency that meets this criterion.