Dan Patrick, Lieutenant Governor for the State of Texas, listed Bitcoin Reserve as a top priority for 2025. Other industry-adjacent priorities include “Texas D.O.G.E.” and electrical grid upgrades.
However, Patrick did not give any clear indications of pro-crypto sentiments before today and actually criticized the mining industry in Texas last year. It is unclear how deep his newfound commitment to the industry will go.
A Texas Bitcoin Reserve
The movement to create a US national Bitcoin Reserve has been growing in strength for months now. Around 15 states are crafting legislation for state-level Bitcoin reserves, and Texas has been an early and persistent member of this coalition.
Today, Lt. Gov. Dan Patrick listed the establishment of a Texas Reserve as a “top priority” for 2025.
Although the push for a national-level reserve is apparently growing, it has received a few setbacks. President Trump issued an executive order to create a “digital stockpile,” which is neither Bitcoin-exclusive nor integrated with the Federal Reserve.
Some have feared that this half-measure may sap energy for a national reserve, but Texas is still trying to stockpile Bitcoin.
Initially, Patrick announced the names of 25 bills with the “top priority” designation and will follow up with 15 more. However, only a few of these directly or indirectly benefit crypto. The Texas Bitcoin Reserve proposal is an obvious help, as is the “Texas D.O.G.E.” proposal.
However, the governor preemptively addressed these concerns, saying he limited his initial set of goals:
Go to Source to See Full Article
Author: Landon Manning
