Dan Patrick
@DanPatrick
Senate Bill 21 establishes the Texas Bitcoin Reserve, a state-managed fund that holds Bitcoin and other major cryptocurrencies. It allows state funds to be used for crypto purchases and sets up an advisory committee to guide its management. A report on the reserve’s holdings will be published every two years. Some have called Bitcoin “digital gold,” and I believe its limited supply and decentralized nature make it a critical asset for Texas’ future.
#txlege
2025-08-02T16:16:06.000Z
Analysis on Stance
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Dan Patrick's advocacy for the Texas Bitcoin Reserve is incredibly bullish for the crypto space. His understanding of Bitcoin's scarcity and decentralized nature, highlighted in his tweet from August 2nd, 2025, shows he grasps its core value proposition. SB 21, which he championed, creates a state-managed fund to hold Bitcoin and other major cryptocurrencies, allowing Texas to invest state funds in these assets. The transparency provided by biennial reporting on the reserve's holdings further strengthens public trust and accountability. This move positions Texas as a forward-thinking leader in embracing the potential of digital assets. A government, especially at the state level, putting its treasury into Bitcoin is a massive signal of support and adoption. This isn't just about speculation; it's about recognizing the transformative potential of sound money in a rapidly changing financial landscape.
