VeChain Exec Predicts Texas Will Create a Bitcoin Reserve Next

According to Johnny Garcia, director general of institutional growth and capital markets at the Vechain Foundation, Texas will probably become the next state to establish a strategic bitcoin reserve after New Hampshire.

In an exclusive interview with Beincrypto, Garcia explained that states with pro-innovation leadership are more likely to follow the example of New Hampshire. Meanwhile, others can adopt a more cautious and expected approach.

Why states like Texas are more likely to follow the New Hampshire Bitcoin reserve head

The Executive of Vechain described the adoption by the New Hampshire of the House Bill 302 as a “historic moment” for digital assets. He said development highlights the growing recognition of Bitcoin as a strategic financial instrument.

He also lays the basics to encourage the wider adoption of blockchain by normalizing digital assets in public portfolios.

“The momentum has gathers at the level of the state since the presidential inauguration and has already commented, a sea change takes place in the minds of the representatives of the State through the general perception of Bitcoin [and other crypto assets] In the United States, ”Garcia told Beincryptto.

Above all, he thinks that this decision could encourage states to already consider related legislation to accelerate their efforts so that they do not late. The latest data from Bitcoin laws show that in May 2025, 37 digital invoices related to assets are active in 20 states.

However, Garcia stressed that the success of these bills depends on various factors. These include the political climate of a state, economic priorities and risk tolerance.

“States with pro-innovation leadership, such as Texas or UTAH, are more likely to follow the example of New Hampshire in a short time, while others can wait to see how things go for NH,” he added.

This dynamic is already played in practice. For example, on May 6, the Republican Governor of New Hampshire, Kelly Ayotte, signed HB302, allowing the State to allocate up to 5% of its Bitcoin funds.

Nevertheless, the Democratic Governor of Arizona, Katie Hobbs, vetoed the Senate bill 1025, SB 1373 and SB 1024, invoking concerns concerning the volatility of Bitcoin. However, it signed HB 2749. The bill allows the State to claim abandoned digital assets without making direct investments.

With Texas now under the spotlight, there is a strong optimism that similar legislation will be signed. Republican governor Greg Abbott expressed a favorable perspective towards industry. The Texas legislative session ends on June 2, so that the decision could happen any day now.

This trend highlights a clear difference in opinion between Democrats and Republicans concerning investments in digital asset reserves, a Garcia divide also recognizes.

“These differences are not new, and I crack them to deeper perspectives, just as there are conservatives and liberals, or risk lesses and those who like to play things safe. Some may try to disentangle these groups and qualify people on the one hand as a democrat and the other as a republican, but I think it’s too simplistic, “he said.

He admitted that filling this gap poses an important, but surmountable challenge. The executive noted that increased cooperation can be favored by education and a more in -depth understanding of the advantages and potential risks of technology.

According to Garcia, the emphasis should be placed on identifying shared objectives, such as the execution of blockchain to improve the efficiency and transparency of government operations – an approach that could lay the foundations for bipartite collaboration.

“The ultimate objective would be to develop a thoughtful and balanced approach to digital assets that can benefit all Americans, regardless of its political affiliation.

How will interest in the state level have a broader impact on the adoption of cryptography?

The question of whether the Democrats and the Republicans will always agree on digital assets remain uncertain. Despite this, the introduction of bills and increased discussions at the level of the state indicate the growing interest and the momentum.

Garcia said this quarter work marks a fundamental change in the way public finances consider blockchain assets, recognizing them as innovation and resilience tools.

“He, combined with the strength of Bitcoin, has rekindled the discussion around” digital gold “and could help reshaped public finances by introducing decentralized and resistant assets in traditional wallets,” he commented.

In addition, Garcia has described three ways whose interest in the state will improve the accessibility and adoption of consumer and business cryptocurrency.

• It normalizes digital assets as a class of strategic assets, not only speculative. This encourages greater institutional and business participation.
• This also pushes decision -makers and the public to better understand the risks and advantages of digital assets, which can lead to clearer and better regulations.
• It helps to build infrastructure such as regulated guard and chain audit. This facilitates the adoption of blockchain for companies.

He also declared that if accessibility remains a challenge for the consumer adoption, state -supported initiatives could promote partnerships between the public and private sectors. This collaboration could lead to the development of friendly portfolios, childcare services and decentralized financing platforms, expanding access to users of retail and institutional sales.

“This is aligned with our objective on Vechain on the solutions of Evolutive Blockchain of business quality, and we plan that the adoption at the level of the State will create a training effect, accelerating the integration of digital assets in the public and private sectors,” said Garcia.

The balance between the opportunity and the risk in the assets of state cryptography

Although the advantages inspire optimism, reservations have several implications for a common taxpayer. Garcia explained that supporters believe that state investments could stimulate long -term yields and diversify assets subject to inflation, potentially strengthen state finances and benefit taxpayers. However, he said,

“We have not yet reached the point where Bitcoin has reached a higher level of stability, and if it sees a similar withdrawal from the previous cycles, this would considerably decrease the interest in the implementation of reservations and could cost taxpayers money.”

Garcia warned that significant price reductions could cause losses in state reserves. Thus, if the allowance is too large or poorly managed, it could potentially threaten financial stability.

“This could, in theory, lead to pressure for changes in tax policy to compensate for these losses, although it would strongly depend on the scale of investment and overall financial health of the state,” he told Beincrypto.

Garcia has recommended educating taxpayers on the advantages and risks to maintain public confidence. He stressed that the long -term impact will depend on the responsible and strategic management of these reservations.

Beyond the tax problems, Garcia detailed several challenges that states may be faced when implementing crypto reserves.

“The volatility of digital assets remains the greatest challenge that states face the implementation of reservations, because the management of this volatility in a public treasury framework will require special attention and potentially sophisticated risk management strategies,” he commented.

Garcia has also mentioned that the education of legislators and the public is crucial for broader acceptance, because many state officials lack expertise in the management of digital assets and will need training or specialists. He stressed that federal regulatory uncertainty adds complexity. Consequently, clear rules on guard and reports are necessary.

According to Garcia, transparency and strong cybersecurity measures are other essential key factors to ensure the long -term success of these initiatives.

The road to a national strategic bitcoin reserve

Meanwhile, Garcia stressed that concerns about taxes and market volatility are the reason why President Trump’s Bitcoin reserve does not include the provisions to invest the country’s funds. Instead, it focuses on the use of lost assets to build the stock.

However, a bill at the national level seeks to achieve this. The Bitcoin law, introduced by senator Cynthia Lummis, proposes to establish a strategic bitcoin reserve.

The SBR would involve acquiring 1 million bitcoins over five years and holding them for at least 20 years. Garcia said that the Bitcoin direct investment authorization would depend on the change in political and economic factors.

“Allowing such purchases will require bipartite support for both the Chamber and in the Senate, as well as the signature of the president, but as the recent stand of the engineering law shows, the legislators are far from the same wavelength,” shared the frame with Beincrypto.

Garcia believes that a clear regulatory framework for crypto and a plan to integrate bitcoin into a strategic reserve will eventually be established by law. Nevertheless, the calendar and the specific details of these bills remain “difficult to foresee”.