Texas Lieutenant Governor proposes Bitcoin reserve for 2025

Texas Lieutenant Governor Dan Patrick has announced plans to establish a “Texas Bitcoin Reserve” as part of his top legislative priorities for the 2025 session. 

The proposal underscores Texas’ ongoing push to integrate Bitcoin (BTC) into its financial strategy and reinforce its status as a blockchain-friendly state.

“Over the last four years, the Texas Senate held the line, fighting back against President Biden’s disastrous agenda,” Patrick said. “Now, with President Trump back in office, Texas has a friend in the White House.”

Texas has seen tensions between crypto miners and the government, highlighted by a recent lawsuit from a mining firm, Lejilex, against the SEC over crypto regulation and token classification.

In Feb. 2024, The Texas Blockchain Council and Riot Platforms sued the U.S. Department of Energy, the EIA, and the OMB, challenging the emergency data collection on crypto mining energy use. They argue the actions violate the Paperwork Reduction Act and reflect broader regulatory overreach by the Biden Administration.

Arizona advances its own Bitcoin reserve bill

Texas is not alone in its efforts. In Arizona, the Senate Finance Committee recently approved SB1025, also known as the “Arizona Strategic Bitcoin Reserve Act.” The bill, co-sponsored by State Senator Wendy Rogers and Representative Jeff Weninger, would allow the state to invest up to 10% of its public funds—including state treasury and retirement system reserves—in Bitcoin and other digital assets.

With a 5-2 vote in Arizona, the bill now moves to the Senate Rules Committee before heading to a full Senate vote.

If passed, Arizona would join Texas in positioning Bitcoin as a strategic financial asset at the state level. These moves reflect a growing trend among U.S. states looking to integrate cryptocurrency into their financial frameworks.