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Bitcoin

Texas Prioritizing Bitcoin Reserve for This Year

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Texas Prioritizing Bitcoin Reserve for This Year

Texas Lieutenant Governor Dan Patrick has listed the creation of a state-level Bitcoin reserve among the top legislative priorities for the current year.

Earlier today, Axios reported that the Lone Star State, which boasts a GDP of $2.4 trillion, could also allow Texas to make Bitcoin donations.

Texas is, of course, known as a major Bitcoin mining hub with plenty of industrial-scale operations.

Other states are also mulling over establishing their own Bitcoin treasuries. They include Florida, Ohio, North Dakota, and Wyoming.

Meanwhile, Senator Cynthia Lummis of Wyoming has announced that public hearings on the implementation of a federal Bitcoin reserve will be one of her first priorities.

Lummis was recently appointed as the chair of a newly established Senate subcommittee on digital assets.

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