Texas bill would let cities and counties invest up to $10M in Bitcoin

A bill filed in Texas would allow local governments to allocate public funds directly to Bitcoin and other virtual assets, according to Texas legislative records. State Rep. Ron Reynolds, a Democrat, pre-filed HB 815 on Nov. 11, local time, to let cities and counties buy and hold Bitcoin or other cryptocurrencies within a limit of up to $10 million. If passed by the state legislature, the bill would take effect on Sept. 1, 2027.