Bitcoin State Of Mind: Texas Aims To Pioneer Strategic Reserve

With President Donald Trump’s inauguration just a few days away, Bitcoin and blockchain supporters are bracing for crypto-friendly policies. Leading the charge is Texas, with Senator Charles Schwertner announcing a bill to launch its first state-level Bitcoin reserve.

In a Twitter/X post, Senator Schwertner announced the filing of SB 778, making Texas the first state to create a strategic Bitcoin reserve. According to the Texan legislator, creating a strategic Bitcoin reserve will position the state as a blockchain leader, drive economic growth, and secure everyone’s economic freedom.

Texas Wants To Lead The Bitcoin Revolution

Texas is the 10th largest economy globally and has over $194 billion in general revenue that will fund the state’s operations from 2026 to 2027. In addition to its huge budget, the state has a growing Bitcoin and blockchain economy. It’s also home to several crypto mines, including the one in the city of Rockdale, which is acknowledged as the biggest Bitcoin mining operation in North America.

It’s time for Texas to lead the way in establishing a Strategic Bitcoin Reserve. That’s why I filed SB 778, which, if passed and signed into law, would make Texas the first state in the nation to establish a Strategic Bitcoin Reserve. This would position our state at the… pic.twitter.com/dRdCt86Otr

— Charles Schwertner (@DrSchwertner) January 15, 2025

According to Schwertner, it’s about time that Texas led the way in approving and launching a crypto reserve. In addition to the proposal to start a reserve fund, SB 778 also outlines a recommendation to set up the Texas Strategic Bitcoin Reserve Advisory Committee. This committee shall include the House chairs for Appropriations and Finance, a comptroller, a member of the Senate and the House, among others.