In an exclusive interview with BeInCrypto, Johnny Garcia, Managing Director of Institutional Growth and Capital Markets at the VeChain Foundation, discussed the likelihood of Texas becoming the next state after New Hampshire to set up a Bitcoin reserve. Garcia noted that states with forward-thinking leadership are inclined to follow New Hampshire in establishing such reserves, while others may take a more cautious approach.

Garcia described New Hampshire's passing of House Bill 302 as a significant event for digital assets, underscoring the increasing recognition of Bitcoin as a strategic financial tool. He mentioned that this development could pave the way for wider blockchain adoption by normalizing digital assets in public portfolios.

He highlighted a growing trend at the state level since the presidential inauguration, indicating a shifting perception of Bitcoin and other cryptocurrencies among US state representatives. A total of 37 digital asset-related bills are active in 20 states as of May 2025, suggesting an increasing interest in legislation related to digital assets.

Garcia emphasized that the success of such bills depended on various factors such as the state's political landscape, economic priorities, and risk tolerance. States like Texas and Utah, with pro-innovation leadership, may be more inclined to follow New Hampshire's lead promptly, while others might wait to observe the outcomes in New Hampshire before taking similar steps.

The article also explores the differences in opinions between Democrats and Republicans regarding investments in digital asset reserves. Garcia mentioned the importance of education and understanding the benefits and risks of blockchain technology to foster bipartisan collaboration and develop a balanced approach to digital assets.

Moreover, the article discusses how state-level interest in digital assets could impact broader cryptocurrency adoption by normalizing digital assets as a strategic asset class, enhancing policymakers' understanding, and building necessary infrastructure. The focus is on leveraging blockchain technology to improve transparency and efficiency in government operations, fostering collaboration between public and private sectors for mainstream adoption.

Garcia also touches upon the challenges related to state crypto reserves, including market volatility, risk management strategies, regulatory uncertainty, transparency, and cybersecurity measures. The goal is to ensure responsible and strategic management of these reserves to maintain public trust and financial stability.

Lastly, the article mentions the prospects of a national strategic Bitcoin reserve, with the discussion of the BITCOIN Act introduced by Senator Cynthia Lummis. The act aims to establish a Strategic Bitcoin Reserve at the national level, acquiring 1 million Bitcoins over five years, contingent on bipartisan support and regulatory clarity. Garcia anticipates a regulatory framework for crypto and a plan for incorporating Bitcoin into strategic reserves to be established by law in due course.