The Lone Star State could become the first American state to officially establish a Bitcoin reserve. Dan Patrick, Lieutenant-Governor of Texas, entered this project among the legislative priorities for 2025, thus marking a decisive step in the institutional adoption of the Cryptos United States.
Texas could soon store Bitcoin legally
On January 29, Dan Patrick officially included the Bitcoin reserve project among the legislative priorities of Texas for 2025. This announcement follows two complementary bills: one presented in mid-January by senator Charles Schwertner, the other Posed in December 2024 by the Republican representative Giovanni Capriglione.
THE project In particular would allow Texas to accept payment of Bitcoin taxes and fees, thus directly supplying the future strategic reserve.
The State, which would receive more than $ 250 billion annually in tax revenue according to the finance controller, would have a significant capacity to constitute this reserve. Such an initiative takes on its full meaning for Texas which, if it were an independent nation, would represent the eighth world economy.
This approach is part of a particularly favorable context, Texas being already recognized as a major hub of Bitcoin mining thanks to its abundant energy and its crypto-friendly regulations.
A movement that accelerates at the national level
The movement initiated by Texas is part of a broader national trend. At least five other American states, including Arizona and Utah, are currently working on similar projects of strategic reserves. Arizona is a pioneer with its Strategic Bitcoin Reserve Act, which plans to allocate up to 10 % of its public Bitcoin funds.
This dynamic is reinforced by the growing political support for cryptocurrencies, in particular with the strategic appointment of senator Cynthia Lummis at the head of the senatorial subcommittee on digital assets. His Bitcoin Act, aimed at establishing a national strategic reserve, testifies to the magnitude of the movement.
Texas, with its economic power and its expertise already established in the Bitcoin ecosystem, could well become the catalyst for massive institutional adoption in the United States, sustainably transforming the American financial landscape, while France takes a very different direction .
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