Everything’s Bigger in Texas: Front Running the U.S. SBR with Lee Bratcher of TBC

Lee Bratcher, founder and president of the Texas Blockchain Council, joins The Last Trade to detail Texas's push to establish a state-level strategic Bitcoin reserve and the broader legislative landscape protecting Bitcoin rights. The conversation covers specific bills moving through the Texas legislature on self-custody, mining rights, and strategic reserve accumulation, and how Texas's actions pressure other states and the federal government to act. Lee explains the strategic rationale for states front-running the US federal strategic Bitcoin reserve, the geopolitical implications of sovereign Bitcoin accumulation, and why Texas is uniquely positioned as a Bitcoin-friendly jurisdiction. The episode also examines the volatile macro backdrop of tariff uncertainty and its implications for Bitcoin's price.