• bitcoinBitcoin(BTC)$99,394.001.84%
  • ethereumEthereum(ETH)$2,837.633.25%
  • rippleXRP(XRP)$2.70-0.17%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$667.302.50%
  • solanaSolana(SOL)$179.953.32%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2606532.33%
  • cardanoCardano(ADA)$0.823.39%
  • staked-etherLido Staked Ether(STETH)$2,836.403.30%
  • bitcoinBitcoin(BTC)$99,394.001.84%
  • ethereumEthereum(ETH)$2,837.633.25%
  • rippleXRP(XRP)$2.70-0.17%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$667.302.50%
  • solanaSolana(SOL)$179.953.32%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.2606532.33%
  • cardanoCardano(ADA)$0.823.39%
  • staked-etherLido Staked Ether(STETH)$2,836.403.30%

Texas Officially Prioritizes Bitcoin Reserve Formation

January 30, 2025

On January 29th, Texas Lieutenant Governor Dan Patrick outlined new legislative priorities for 2025, which included a proposal to create a Texas Bitcoin (BTC) Reserve. This move positions Texas alongside at least five other U.S. states, such as Arizona and Utah, where lawmakers are working to establish Bitcoin or altcoin reserves. In these states, strategic reserve bills have already made progress in their respective committees. Growth And Security In Texas, two public officials have introduced legislation to establish a Bitcoin reserve. The most recent proposal came by State Senator Charles Schwertner on January 16th. Schwertner emphasized that a Texas Bitcoin reserve would position the state at the forefront of the digital economy, driving growth and securing economic freedom for the state. Previously, Texas Republican State Representative Giovanni Capriglione put forward legislation in the House of Representatives to create a Texas strategic Bitcoin reserve. The bill would allow payments of taxes, fees, and contributions in BTC, which could then be utilized to help fund the reserve. Progress Is Underway Bitcoin advocates argue that such strategic reserves modernize traditional financial systems, serve as a hedge against inflation, and reflect progress in the evolving economy. Countries like Chile and the U.S. are reportedly considering establishing their own cryptocurrency reserves. U.S. President Donald Trump has also campaigned on the idea of creating a national strategic Bitcoin reserve, and Wyoming Senator Cynthia Lummis has introduced the BITCOIN Act to establish a similar reserve.

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