Texas Lt. Governor announces ‘Bitcoin Reserve’ as priority bill for 2025
Texas Lieutenant Governor Dan Patrick announced on January 29, 2025, that creating a Bitcoin reserve will be a key legislative priority. This move follows similar initiatives in at least five other U.S. states aiming to establish Bitcoin or crypto reserves. Recent efforts in Texas include a proposal from state Senator Charles Schwertner and a prior introduction by Republican state Representative Giovanni Capriglione, which would allow various fees and taxes to be paid in Bitcoin, helping fund the reserve. Proponents argue that such reserves modernize financial systems and provide a hedge against inflation. If Texas were an independent nation, it would rank as the eighth-largest economy globally, generating substantial annual revenue. The state is also a hub for Bitcoin miners, attracted by its favorable regulatory environment and energy costs.
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