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Home > Unchained > How Texas Got Bipartisan Support to Buy $10 Million Worth of Bitcoin - Ep. 859
Podcast: Unchained
Episode:

How Texas Got Bipartisan Support to Buy $10 Million Worth of Bitcoin - Ep. 859
Category: Society & Culture
Duration: 00:55:39
Publish Date: 2025-06-27 14:00:00
Description:

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The state of Texas just passed a law that creates a $10 million strategic Bitcoin reserve.

Laura talks to Lee Bratcher, president of the Texas Blockchain Council, who helped drive this new law. He explains how bipartisan support made it possible, why this might be the start of a broader trend, and what’s next for public Bitcoin ownership in the U.S.

We get into:

  • The logic behind the $10 million number

  • Why custody and compliance are key

  • Whether California or Illinois could ever do something similar

  • And how other states are reacting

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  • Lee Bratcher, President and Founder of the Texas Blockchain Council

    • Links:


    • Timestamps:

    0:00 Intro

    ️ 2:12 How the idea for a $10M strategic Bitcoin reserve became law in Texas

    5:42 Why lawmakers settled on $10 million—and what that number really means

    8:59 How Texas plans to custody its bitcoin, and why it matters

    10:59 Why the bill includes language about using derivatives for BTC

    12:12 What exchange the state might use to actually buy the bitcoin

    ️ 14:59 Who owns crypto in Texas—and whether politics play a role
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