Today, H.B. 4258The state has referred the bill, which allows the comptroller of the state to invest as much as $250 million dollars in bitcoin. Delivery of Government Efficiency CommitteeThe Texas version of federal law is the United States government DOGE.
The bill was originally introduced to the Texas House of Representatives on March 11, 2025, and was sponsored by two Democratic Congresspeople — Rep. Ron Reynolds and Mihaela Plesa.
The proposed law would give Texas’ comptroller the authority to invest up to $250,000,000 of the state’s funds. Economic Stabilization Fund — colloquially referred to as the state’s “Rainy Day Fund”, which was created to serve as a savings account for the state and to prevent sudden notable cuts to schools, health care, or other vital state services — into bitcoin and/or other cryptocurrencies.
This law allows local governments to invest up 10 million dollars of their funds, or the funds they control in Bitcoin and/or other crypto currencies.
The bill would come into effect on 1 September 2025 if it were passed. This would give state and local government officials enough time to develop an investment strategy, as well as a plan of custody.
As per Bitcoin Laws, H.B. The Texas House of Representatives or Senate have both introduced H.B.4258, one of the eight bills currently in force that are related to bitcoins or cryptos. It’s the 5th of the 8 bills to be moved to committee.
These four bills — including the current one — would allow for bitcoin to be included in the balance sheet of a state. The other three — H.B. 1598, Senate Bill (S.B.) 21 You can also find out more about the following: S.B. 778 — all call for Texas to establish a Strategic Bitcoin Reserve (SBR).
S.B. S.B. 21 is in its second stage of committee review. This bill is now in its second round of review by committee. recently passed the state Senate The vote was 25-5.
Texas is the second state in the nation with active crypto and bitcoin bills. Arizona has the most active bills (9), three of which have been close to becoming law.
This state is still one of most Bitcoin-friendly in the United States. It has a friendly legislative environment and is home to about one-third of the U.S.’s total Bitcoin mining hash rate.
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Source: bitcoinmagazine.com
