Texas Plans to Implement a Strategic State-Owned Bitcoin Reserve Regardless of a Similar National Initiative

In addition to SB 778, Lieutenant Governor Dan Patrick announced 40 priority bills for 2025 among which are about crypto.

Texas intends to establish a strategic state-owned Bitcoin reserve, irrespective of any similar national initiative.

In addition to SB 778, Lieutenant Governor Dan Patrick has announced 40 priority bills for 2025, several of which pertain to cryptocurrency.

More on Texas' Proactive Measures

With the rise of President Donald Trump and his pro-crypto initiatives, as well as the appointment of Senator Cynthia Lummis as Chair of the Senate Banking Subcommittee on Digital Assets, the entire national narrative seems to be shifting toward the creation of a Bitcoin reserve.

However, even against this backdrop, Texas, which began this independent movement earlier, appears to be striving to lead the way and continues to pass legislative bills aimed at creating a Bitcoin reserve.

To that end, Texas Senator Charles Schwertner has already filed SB 778, which lays the groundwork for this legislative initiative. Now, Lieutenant Governor Dan Patrick has announced 40 priority bills for 2025.

More specifically, he initially unveiled 25 priority bills for the 2025 legislative session, with plans to introduce 15 more.

He stated:

“Senators like having a low bill number since it shows their bill is a priority of the Lt. Governor and has a high probability of passage. Just because a bill is not included in the top 40 does not mean it is not a priority for me or the Senate. There will be hundreds of bills that pass the Senate, all of which are important to Texas.”

Key Takeaways

It appears that Texas recognizes the critical importance of creating a Bitcoin reserve and is undertaking this initiative autonomously. Its leadership role may serve as an incentive for the rest of the states, again independently of a national Bitcoin reserve.

Stay informed and tuned in.

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