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Texas announces plans to start buying key resources

Texas | Plans to Invest $10 Million in Crypto Draws Major Critique

By

Elena Petrov

Jun 25, 2025, 08:42 AM

Edited By

Lisa Chen

Updated

Jun 26, 2025, 11:33 PM

Quick read

Texas officials discussing plans to buy essential resources in a meeting room

Texas is stirring up controversy with a proposed $10 million investment in cryptocurrency. This decision has many questioning the state’s financial priorities, especially after cuts to vital educational funding.

Backlash from the Community

Residents are vocal on forums about their discontent. One commenter expressed,

"Lol. What a waste of tax money. We are entering end times."

This sentiment resonates strongly with critics who feel the state’s spending should focus on essential services rather than speculative assets.

A notable commenter declared,

"Don’t fuck up Big Bend like that."

This statement underscores concerns that investments in crypto could jeopardize local resources.

Criticism Amid Support

Supporters argue this investment shows Texas's embrace of future financial trends. Lee Bratcher, president of the Texas Blockchain Council, noted,

"The purchase represents just a fraction of the state’s budget but could create an outsized impact by sending the signal to investors that Texas understands the future of finance is digital."

However, critics remain unconvinced. The public’s frustration continues to surface, with one stating,

"Why can’t people just stop being stupid?"

These comments paint a clear picture of the divide over Texas's fiscal approach.

Key Themes and Insights from Community Reactions

  • 🚫 Misallocation of Funds: Many argue the state should prioritize educational funding instead of crypto investments.

  • ⚠️ Concern for Local Impact: Some residents fear the potential negative effects on local natural resources, like Big Bend.

  • πŸ€” Skepticism Towards Crypto: A prevailing sense of doubt exists regarding crypto’s stability and its role in public funding.

Key Takeaways

  • β–³ Majority of comments criticize the state’s decision to invest in crypto.

  • β–½ Local concerns highlight fears about the impact on state parks and education.

  • β€» "Don’t fuck up Big Bend like that" - A top-voted comment expressing environmental concern.

Overall, Texas's foray into cryptocurrency investment has ignited a significant debate. As the plan develops, many question if this financial strategy will pay off or create more problems for taxpayers.