Texas plans Bitcoin reserve as legislative priority for 2025

Texas Lieutenant Governor Dan Patrick has announced that establishing a Bitcoin (CRYPTO:BTC) reserve will be a key legislative priority for the state in 2025.

This initiative is part of a broader agenda aimed at positioning Texas as a leader in the digital economy.

On January 29, Patrick revealed that Texas joins at least five other states, including Arizona and Utah, which are also working on similar proposals to create Bitcoin or cryptocurrency reserves.

The latest proposal in Texas was introduced by state Senator Charles Schwertner on January 16, emphasising that a Bitcoin reserve would enhance the state's role in the digital economy and promote economic freedom.

Earlier, Representative Giovanni Capriglione introduced legislation in December 2024 to create a strategic Bitcoin reserve, allowing fees and taxes to be paid in Bitcoin.

Supporters argue that such reserves modernise financial systems and provide an inflation hedge while signaling progress in cryptocurrency adoption.

The move aligns with national discussions around cryptocurrency reserves, with former President Donald Trump previously campaigning for a national strategic Bitcoin reserve.

Texas, with its significant revenue generation exceeding $250 billion annually from taxes and fees, is well-positioned to explore this initiative.

The state has also become a hub for Bitcoin mining, attracting numerous companies due to its favorable regulatory environment and access to inexpensive energy sources.

As Texas moves forward with this proposal, it reflects an increasing trend among states seeking to integrate digital assets into their financial strategies.

At the time of reporting, the Bitcoin (BTC) price was $105,366.