Texas introduces another Bitcoin reserve bill, allowing the state auditor to invest no more than 250 million dollars in cryptocurrency

Texas has introduced another Bitcoin reserve bill (HB 4258), which allows the state auditor to invest up to $250 million of the Economic Stabilization Fund balance in Bitcoin or other cryptocurrencies, and permits local governments (such as municipalities or counties) to invest their funds not exceeding $10 million in Bitcoin or other cryptocurrencies. The bill will take effect on September 1, 2025.