Texas to Make Bitcoin Reserve Priority by 2025

Texas Lt. Gov. Makes Bitcoin Reserve a 2025 Priority

Texas Lieutenant Governor Dan Patrick has announced that establishing a Bitcoin Reserve will be a top priority for the state in 2025. This move comes amidst a growing trend of states exploring the integration of cryptocurrencies into their financial systems. Patrick's agenda also includes initiatives like "Texas D.O.G.E." and upgrades to the electrical grid, which could indirectly benefit the Bitcoin mining industry.

Texas has been a leader in the push for state-level Bitcoin reserves, with around 15 states currently working on similar legislation. Despite national efforts facing setbacks, Patrick has reaffirmed Texas' commitment to moving forward with a Bitcoin Reserve. The lieutenant governor announced 25 bills as top priorities, with another 15 to follow, including the Bitcoin Reserve and Texas D.O.G.E. proposals.

The push for a national Bitcoin Reserve gained momentum in recent months, but President Trump's executive order to create a "digital stockpile" was not Bitcoin-specific and did not involve the Federal Reserve. Some fear this move could weaken the drive for a national Bitcoin Reserve, but Texas is determined to move forward with its own state-level initiative.

Several other high-priority bills announced by Patrick will indirectly support the Bitcoin industry, particularly through crypto mining. Texas has become a major hub for mining, attracting several companies in the past year. Investments in energy infrastructure, such as power grid improvements, will likely benefit the sector.

Crypto advocate Mario Nawfal reacted to the news, emphasizing the significance of a state holding Bitcoin on its balance sheet. "A US state moving to hold BTC? That’s next-level adoption," he said. However, Patrick's support for Bitcoin is a recent development, as he has held office for a decade without making strong pro-crypto statements and even criticized the mining industry last year. While listing the Bitcoin Reserve as a priority is a step forward, the bill still needs to pass before Texas officially starts accumulating Bitcoin.