Texas Bill Proposes State Bitcoin Reserve, Signaling Broader Momentum
A new proposal in the Texas House of Representatives aims to position the state as a forerunner in cryptocurrency adoption by establishing its own strategic bitcoin reserve. Introduced Thursday by Republican Rep. Giovanni Capriglione, the measure would allow Texas to accept certain taxes, fees, and donations in bitcoin, holding the assets for at least five years.
Working alongside the Satoshi Action Fund, an advocacy group focused on promoting bitcoin policy, Capriglione suggests the reserve could bolster financial stability and hedge against inflation. He explained that investing in bitcoin “would be a win-win for the state,” given the asset’s resilience and growth potential.
Texas, known as the country’s most prominent hub for bitcoin mining, also enjoys status as the second-largest U.S. economy and one of the largest worldwide. While the current plan does not include direct bitcoin purchases by the state, the door remains open to expanding its scope if legislators lend their support.
This initiative emerges as President-elect Donald Trump’s campaign pledges—and a related drive to establish a national strategic bitcoin reserve—spark hope among investors. Although many remain skeptical about the federal government taking that leap, the prospect alone may encourage states and other nations to move first. Pennsylvania recently introduced a similar bill, and according to Satoshi Action Fund CEO Dennis Porter, at least 10 additional states and four countries are considering their own versions.
Porter has assisted lawmakers across multiple jurisdictions, including Texas, in shaping crypto-friendly policies. States like Oklahoma, Louisiana, Montana, and Arkansas have already enacted laws protecting core bitcoin rights, such as the freedom to mine, self-custody, run nodes, and transact peer-to-peer. While federal action remains uncertain, state-level moves like Texas’s proposed reserve are steadily mapping out new territory for the future of digital finance.