- Texas aims to be a pioneer in approving Bitcoin reserve
- Lieutenant Governor Dan Patrick 40 priority bills for 2025
Texas plans to implement a strategic state-owned Bitcoin reserve regardless of a similar national initiative.
In addition to SB 778, Lieutenant Governor Dan Patrick announced 40 priority bills for 2025 among which are about crypto.
More About Texas Proactive Initiatives
With the rise of President Donald Trump and his pro-crypto initiatives, as well as the appointment of Senator Cynthia Lummis as Chair of the Senate Banking Subcommittee on Digital Assets, it seems the entire national course is moving toward creating a Bitcoin reserve.
However, even against this backdrop, Texas, which started this independent movement earlier, seems to be striving to be a pioneer and continues to pass legislative bills aimed at creating a Bitcoin reserve.
Thus, Texas Senator Charles Schwertner has filed SB 778 which has already laid the legislative groundwork, but now Lieutenant Governor Dan Patrick has announced 40 priority bills for 2025.
More specifically, he initially unveiled 25 priority bills for the 2025 legislative session, with plans to introduce 15 more.
He stated:
“Senators like having a low bill number since it shows their bill is a priority of the Lt. Governor and has a high probability of passage. Just because a bill is not included in the top 40 does not mean it is not a priority for me or the Senate. There will be hundreds of bills that pass the Senate, all of which are important to Texas.”
Conclusions
Apparently, Texas sees the critical importance of creating a Bitcoin reserve and will make it an autonomous initiative. Its leadership role may serve as an incentive for the rest of the states, again independent of a national Bitcoin reserve.
Be aware and stay tuned.
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