Texas Lieutenant Governor Lists Bitcoin Reserve as 2025 Legislative Priority
Texas Lieutenant Governor Dan Patrick has identified establishing a Bitcoin Reserve as a top priority for 2025. This follows previous criticisms of the state's crypto mining industry. Key points include:
- Patrick's agenda also includes “Texas D.O.G.E.” and electrical grid upgrades benefiting Bitcoin miners.
- Approximately 15 states are pursuing similar Bitcoin reserve legislation.
- The national push for a Bitcoin Reserve faces challenges, especially after President Trump’s non-Bitcoin-specific executive order regarding a “digital stockpile.”
- Patrick announced 25 bills as priorities, with more to come, indicating ongoing support for the crypto sector.
- Texas is emerging as a major crypto mining hub, attracting investments in energy infrastructure that will support this sector.
Despite his recent shift towards supporting Bitcoin, Patrick had previously expressed skepticism about crypto mining. The success of the proposed Bitcoin Reserve depends on legislative approval.