Texas Lieutenant Governor Dan Patrick has made Bitcoin Reserve a top priority for 2025. This is surprising since he previously
Texas Lieutenant Governor Dan Patrick has made Bitcoin Reserve a top priority for 2025. This is surprising since he previously criticized the state's crypto mining industry. Alongside the Bitcoin Reserve, he is also focusing on initiatives like “Texas D.O.G.E.” and improvements to the electrical grid, which could help Bitcoin miners.
Texas is leading the way in establishing state-level Bitcoin reserves. Currently, around 15 states are working on similar legislation. Despite challenges at the national level, Patrick has reaffirmed Texas' commitment to this initiative for the upcoming legislative session.
Recently, there has been a push for a national Bitcoin Reserve. However, President Trump’s executive order to create a “digital stockpile” was not specifically for Bitcoin and did not involve the Federal Reserve. Some worry this could hinder the national Bitcoin Reserve efforts, but Texas is determined to proceed.
Patrick has announced 25 bills as top priorities, with 15 more expected. While not all these bills will directly affect the crypto sector, the Bitcoin Reserve and Texas D.O.G.E. proposals are significant. Patrick has addressed concerns about missing initiatives, assuring that more bills will pass to boost the state’s economy.
Several other high-priority bills will indirectly support the Bitcoin industry, especially through crypto mining. Texas has become a major hub for mining, attracting numerous companies over the past year. Investments in energy infrastructure, including power grid enhancements, are likely to benefit this sector.
Crypto advocate Mario Nawfal highlighted the importance of a state holding Bitcoin on its balance sheet, calling it a sign of next-level adoption. However, Patrick's support for Bitcoin is a recent change.