A Texas legislator announced that talks have begun to draft a bill for the creation of a strategic Bitcoin reserve. This was reported by Cointelegraph, citing Dennis Porter, the CEO of the non-profit organization Satoshi Action Fund, who spoke at a conference in Texas.

According to SAF, discussions about the Bitcoin strategic reserve bill are already underway among Texas lawmakers. Porter added that the potential impact of passing such a law cannot be overstated.

In Porter’s view, establishing Bitcoin reserves at both the national and state levels will not only protect against inflation but also help safeguard the mining industry in the U.S.

He also compared the potential creation of a strategic Bitcoin reserve to other historic decisions that shaped modern America, such as the purchases of Louisiana, Florida, and Alaska.

It’s worth noting that earlier, Sławomir Mentzen, a Polish presidential candidate, declared that if elected, he would create a national Bitcoin reserve.

In addition, FOX Business reported that the Pennsylvania House of Representatives has introduced a bill to establish a strategic Bitcoin reserve. Senator Cynthia Lummis mentioned that a similar federal law could be passed within the first 100 days of Donald Trump’s presidency.

At the time of writing, the probability of Trump creating a strategic Bitcoin reserve is estimated at 41% on the Polymarket platform.