Texas Bitcoin Reserve Boosted as States and Nation Embrace Crypto Future
Texas Lieutenant Governor Dan Patrick revealed the state’s legislative priorities for 2025 on January 29, including a proposal to establish a Texas Bitcoin Reserve.
| Key Takeaways: – Texas Lieutenant Governor Dan Patrick announced a proposal for a Texas Bitcoin Reserve as part of the state’s 2025 legislative priorities. – At the federal level, U.S. Senator Cynthia Lummis introduced the Bitcoin Act to establish a national Bitcoin reserve. |
The move aligns Texas with at least five other states in the U.S., such as Arizona and Utah, where similar legislative efforts are advancing.
On January 16, State Senator Charles Schwertner introduced legislation to create the Texas Bitcoin Reserve with the economic benefits it could bring to Texas.
Schwertner stated on X that the reserve would position the state at the forefront of the digital economy, driving growth and securing economic freedom. The proposal comes as a growing number of states, including Texas, consider integrating Bitcoin into their financial infrastructure.
The momentum for Bitcoin reserves is not limited to Texas. A number of other states have introduced or are working on similar measures to establish crypto reserves.
At the federal level, U.S. Senator Cynthia Lummis has pushed for the Bitcoin Act, a piece of legislation that would authorize the federal government to purchase and hold Bitcoin, further supporting the notion of cryptocurrencies as part of national financial reserves.
| Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor. |
