Texas Congressman submits bill to allow investment in Bitcoin
2026-11-13 20:40:18
According to CoinMeta, Wu said that he learned that Ron Reynolds, a Democratic representative from Texas, USA, submitted the hb 815 bill to the 90th Texas Legislature on November 9th, proposing to amend the Public Funds Investment Act to allow city and county governments to invest up to $10 million of their own funds or funds under their management in Bitcoin or other cryptocurrencies. The bill adopts the definition of cryptocurrencies from the sb 21 bill established in 2025 for Texas' strategic Bitcoin reserve, but does not set a corresponding asset market value threshold or specific custody requirements. If passed, the bill will take effect on September 1, 2027.
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