Texas is doubled at a cripto with a new 250 million screen Bitcoin Bitcoin Bill

Texas introduced another account for CRIPTO Reserve, marking another significant step towards the integration of bitcoin in its financial framework.

According to a document Published 11. Marta, proposed legislation, HB 4258, seeks to allocate up to $ 250 million from the state fund for economic stabilization Bitcoin and other digital means.

This signifies the second attempt of the State to establish a digital asset reserve, after the earlier SB 778, which is recently Secured bipartic Support in the Senate.

Unlike the previous proposal, HB 4258 explicit investment gate and expands participation in municipalities and counties, allowing them to assign up to $ 10 million to digital property. If approved and reported to the right, the bill shall enter into force 1. September 2025.

Texas pressure for Bitcoin Reserve Aligns wider trends across the United States, where 21 countries Research of similar frameworks in different legislative phases. Some countries have active proposals, while others still conduct evaluations.

President of the Texas Council, Lee Bratcher, prominent Strategic position of the state for the adoption of Bitcoin. Pointed to Texas Triangle-Houston (energy), Austin (Tech) and Dallas (Capital Markets) – Convergence Industries that make up Bitcoin integration is especially sustainable.

Texas first bitcoin Bill

As mentioned above, the SB 778 focuses on integrating the crypto into the financial system of the state by providing tax payments and donations in digital.

It also strives to impose a five-year limit on state-owned Bitcoin sales. With the approval of the Senate, the draft law expects a decision in the Texas’s house, it is expected until 24. May.

In the meantime, support for the initiative was strong, with Texas Lieutenant Governor Day Patrick call The establishment of Bitcoin reserves a strategic move that could set an example for other countries.

He emphasized Bitcoin’s decentralized nature and the final offer, describing it as a valuable agent for the financial future of Texas. Patrick added:

“President Trump declared unequivocally that the United States consists of the capital of the world’s cryptocurnence. His visionary leadership at Bitcoin and digital property were a trip for fast American innovations, and Texas leads the way.”