Texas Bill Could Allow Local Governments to Invest in Bitcoin

TL;DR Texas House Bill 815 proposes allowing each city and county to invest up to $10 million in Bitcoin and other cryptocurrencies . The legislation removes the $500 billion market capitalization threshold applied to assets under the state’s Bitcoin reserve framework. The proposal, introduced by Representative Ron Reynolds, remains under consideration and includes a proposed effective date of September 1, 2027 . Texas lawmakers are considering a proposal that could expand Bitcoin adoption beyond state-level investment and give local governments greater control over their financial strategies. House Bill 815 would authorize cities and counties to allocate public funds to Bitcoin and other cryptocurrencies , creating another potential avenue for digital assets to enter traditional government finance.

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