"As a leader in innovation, Texas needs to lead the nation in Bitcoin & cryptocurrency adoption," it reads.

"Not only by acknowledging, supporting, and promoting the industry, but by also using our natural resources and the power of our state to legitimise Bitcoin as a store of value, medium of exchange, and unit of account."

Huffines says the state must stop the federal government from "discriminating against Bitcoin holders" and "trying to shut down or limit freedom-loving Texans investing in Bitcoin."

Not only does the plan call for a declaration making bitcoin a legal tender but it calls for establishing the Bitcoin & Cryptocurrency Policy Commission, "which will be tasked with identifying the utility of currencies that can be recognized as accepted Texas currency."