Texas Lieutenant Governor Dan Patrick revealed that establishing a Bitcoin reserve in the state will be among 2025’s legislative priorities.
Texas Lieutenant Governor Dan Patrick announced the state’s 2025 legislative priorities on Jan. 29, and they included a proposal to establish a Texas Bitcoin Reserve.
Texas joins at least five other states in the US where legislatures are working on establishing Bitcoin
Two public officials in Texas have introduced legislation to create a Bitcoin reserve in the Lone Star State. The most recent effort came from state Senator Charles Schwertner on Jan. 16. He noted on X that a Texas Bitcoin reserve “would position [the] state at the forefront of the digital economy, driving growth and securing economic freedom for our great state.”
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Earlier, in December 2024, Texas Republican state Representative Giovanni Capriglione introduced legislation in the state’s House of Representatives for the creation of a Texas strategic Bitcoin reserve. The legislation would allow fees, taxes, and contributions to be paid in BTC, which could then be used to help create the reserve.
Related: BTC price whipsaws to $106K as US strategic reserve rumors return
Bitcoin supporters claim such reserves represent a modernization of traditional financial systems, offering inflation hedge and a signal of progress. Some countries, like Chile and the United States, are reportedly considering establishing cryptocurrency reserves.
US President Donald Trump campaigned on the promise of creating a national strategic Bitcoin reserve, and Wyoming Senator Cynthia Lummis has introduced the BITCOIN Act, which would establish such a reserve.
Related: Senator Lummis chosen to chair Senate Subcommittee on Digital Assets
Texas is the largest state in the US. If it were a sovereign nation, the state would have the 8th-largest economy in the world. According to the Texas comptroller, the state takes in over $250 billion a year in revenue from taxes, fees and assessments.
Notably, Texas has a high concentration of Bitcoin miners who have moved to the state due to its cheap and available power, renewable energy sources, and crypto-positive regulatory environment.