Texas Pushes Another Crypto Bill—$250M Investment Plan Unfolds

Texas is ramping up its crypto adoption, with a new bill allowing up to $250 million in public funds to be invested—solidifying its leadership in digital assets.

Texas Bill Paves Way for $250M Crypto Investment

The U.S. state of Texas is actively pursuing legislation to integrate bitcoin into its financial framework, with multiple bills aimed at incorporating cryptocurrency into the state’s investment strategies. On March 10, Texas Representative Ron Reynolds introduced House Bill 4258, which would allow the state’s comptroller and local governments to invest in cryptocurrencies. If passed, the legislation will take effect on Sept. 1, 2025.

House Bill 4258 specifically allows for public investment in digital assets by placing limits on the amount of funds that can be allocated. The legislation states:

The comptroller may invest not more than $250 million of the economic stabilization fund balance in bitcoin or another cryptocurrency.

Additionally, local governments would have investment opportunities: “A municipality or county may invest not more than $10 million of its funds or funds under its control in bitcoin or another cryptocurrency.” The bill amends Section 404.0241 of the Texas Government Code and introduces Section 2256.0165, titled “Authorized Investments: Cryptocurrency,” which formally incorporates digital assets into the state’s financial framework.

While HB 4258 focuses on direct investment in cryptocurrency, other bills signal Texas’s broader interest in bitcoin. On Jan. 14, Senator Charles Schwertner introduced Senate Bill 778, which proposes establishing the Texas Strategic Bitcoin Reserve, allowing up to 1% of the state’s unencumbered general revenue funds per biennium to be allocated for bitcoin acquisitions, with an emphasis on secure storage and regular audits.

Additionally, on March 6, the Texas Senate passed Senate Bill 21, also introduced by Schwertner, which permits the state comptroller to invest in cryptocurrencies with a market capitalization exceeding $500 billion over a 12-month period, a criterion that currently applies only to bitcoin. With HB 4258 and these additional measures, Texas is positioning itself as a leader in public sector cryptocurrency investments, though concerns about volatility and regulatory oversight remain key points of discussion.