CandleFocus Texas introduces second Bitcoin reserve bill to allow $250M investment
2025-03-11
Author: Content Editor
Texas state lawmakers have introduced a second Bitcoin reserve bill, HB 4258, which would allow the state Comptroller to invest up to $250 million in Bitcoin or other cryptocurrencies. The bill also permits municipalities and counties to invest in crypto, but not more than $10 million. The first bill, Senate Bill 778, did not specify the amount to be invested but did mention tax collection and donations in cryptocurrency. The proposal is now under review by the Texas House, with a decision expected by May 24. There are currently 21 U.S. states considering cryptocurrency strategic reserves, with 19 still pending, two considering proposals, and five rejected.
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