Texas Introduces Another Bitcoin Reserve Act That Allows State Comptroller to Invest No More Than $250 million in Cryptocurrencies

Texas has introduced another Bitcoin Reserve Act (HB 4258), which allows the state comptroller to invest no more than $250 million of the balance of the Economic Stabilization Fund in Bitcoin or other cryptocurrencies, and allows local governments (such as municipalities or counties) to invest no more than $10 million of their funds in Bitcoin or other cryptocurrencies. The act will take effect on September 1, 2025.