Texas Lieutenant Governor Calls Bitcoin Reserve a “Top Priority” for 2025 🤠
Dan Patrick, Texas Lieutenant Governor, has declared establishing a Bitcoin Reserve as a top priority for 2025, marking an unexpected shift in his stance towards the crypto industry. This move aligns Texas with around 15 other states pursuing state-level Bitcoin reserves.
Patrick had previously criticized the mining sector, raising questions about the depth of his newfound commitment. Although creating a national reserve faces setbacks, like President Trump's digital stockpile executive order, Texas is determined to amass Bitcoin.
Patrick listed 25 priority bills, with a few benefiting crypto, notably the Bitcoin Reserve and "Texas D.O.G.E." proposals. Yet, he cautioned that only a limited set of goals are initially set.
Additionally, priorities such as electrical grid upgrades may benefit the Bitcoin industry, as Texas becomes a crypto mining hub with leading companies relocating there in recent years.
Despite Patrick's prioritized push for a Bitcoin Reserve, his previous anti-crypto statements highlight uncertainty about the bill's potential success.
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