Texas Bill Would Let Cities, Counties Invest Up to $10 Million Each in Bitcoin
JH Kim
Summary
- A bill has been introduced in Texas that would allow local governments to invest up to $10 million each in Bitcoin.
- House Bill 815 would allow cities and counties across Texas to hold up to $10 million in Bitcoin each.
- If passed, the bill would take effect on Sept. 1, 2027, and Texas already operates a state-level Bitcoin reserve.
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A bill has been introduced in Texas that would allow local governments, including cities and counties, to invest up to $10 million each in Bitcoin.
The Texas House of Representatives said on Nov. 11 that state Representative Ron Reynolds introduced House Bill 815, which would permit local governments to invest in Bitcoin.
The measure would allow cities and counties in Texas to hold up to $10 million in Bitcoin each.
If passed, the bill would take effect on Sept. 1, 2027. Texas already operates a state-level Bitcoin reserve.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.