Texas lawmakers propose new bill to allow cities and counties to invest up to $10 million in cryptocurrency
Original headline美国得州议员提出新法案，拟允许各市县投资最多 1000 万美元加密货币
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Texas state Representative Ron Reynolds introduced House Bill 815 on November 9, which would let each city and county in the state invest up to $10 million in public funds in bitcoin or other cryptocurrencies by amending the Public Funds Investment Act. The bill, a scaled-back version of Reynolds' broader 2025 crypto investment proposal, no longer covers the state's economic stabilization fund and leaves custody, dedicated audits, and loss handling unspecified, though existing public-fund investment rules would still apply. It has only been filed and has not reached committee review; if passed, it would take effect September 1, 2027. The measure matters because it would open a new public-sector demand channel for bitcoin at the municipal level in a major U.S. state. Next, watch whether HB 815 advances to committee and whether custody and audit provisions are added.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
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Texas, Ron Reynolds, Bitcoin (BTC)
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