A rumor has been circulating online claiming that the Texas Senate passed an “XRP Reserve Bill” that would require the state to purchase up to $100 million worth of XRP each year. This claim is false. On September 27, the Texas Senate approved Senate Bill 21, which creates the Texas Strategic Bitcoin Reserve. The legislation allows the state to invest in cryptocurrencies, but only those with a market capitalization above $500 billion. Currently, the only asset that meets this threshold is Bitcoin.