Marsha Blackburn as Governor: Is Tennessee the Next Bitcoin Reserve Hotspot?
Could Tennessee become the crypto capital of the South? With Senator Marsha Blackburn eyeing the governor's mansion, Bitcoin maximalists are buzzing about a potential state-backed reserve.
Pro-Bitcoin Politician Meets Pro-Bitcoin Policy?
Blackburn's track record includes advocating for clearer crypto regulations and pushing back against overreach by federal agencies. Now, speculation mounts that she might take Tennessee down the path of Texas or Wyoming—states that have embraced Bitcoin as a strategic reserve asset.
Why Tennessee? The state already boasts cheap energy (a miner’s dream), low taxes, and a business-friendly legislature. Add a governor who understands blockchain’s potential, and suddenly, a state treasury BTC stash doesn’t seem so far-fetched.
Wall Street Snickers, Bitcoiners Stack
Traditional finance types will dismiss this as political theater—after all, what’s a governor’s Bitcoin reserve compared to BlackRock’s ETF? But for crypto natives, it’s another crack in the dam of institutional resistance. One state at a time.
Tennessee’s Potential Next Pro-Crypto Governor
2025 has been a potent year for US crypto regulation, but the current Tennessee Governor, Bill Lee, hasn’t been particularly active. Since taking office in 2019, he’s signed multiple bills aiding the crypto industry without being a vocal supporter.
However, his term is expiring next year, and a new candidate may take the Volunteer State to the forefront of Web3 friendliness.
It’s official! I’m running for Governor to ensure Tennessee is America’s conservative leader for this generation and the next.
I WOULD be honored to have your support. #TNGov pic.twitter.com/5PNN8MkTJQ
Senator Marsha Blackburn, by contrast, is a fierce supporter of the industry. Her campaign has accepted crypto donations for over a year, and she spoke at last year’s bitcoin Conference in Nashville alongside President Trump.
She was also a co-sponsor of the GENIUS Act alongside other bills.
Could Blackburn Introduce a Bitcoin Reserve For Tennessee?
So, why should the crypto community care about this development? If Blackburn becomes Tennessee’s Governor, she’ll be less able to vote for nationwide legislative initiatives. However, her local influence would grow significantly.
Case in point, Blackburn sponsored a bill to create a Strategic Bitcoin Reserve, but this referred to a national initiative. Right now, more than 20 US states are attempting to develop local reserves, but Tennessee isn’t among them.
According to crypto policy watchdogs, it’s one of the last holdouts.
As Governor, Marsha Blackburn would be in an ideal position to change this situation for Tennessee. She already supported a national Bitcoin Reserve, so a local counterpart seems like a logical next step.
Having a supportive Governor would be very beneficial to Tennessee’s hypothetical Bitcoin Reserve effort. In Arizona, the Governor vetoed Reserve bills, even though they were very popular in the legislature.
Conversely, a sympathetic executive branch can help get these initiatives off the ground.
All that is to say, it currently seems very likely that Blackburn will win this election. Tennessee is a deeply red state, and a Democrat hasn’t been elected Governor there since 2006.
