Draft Law authorizes Texas COMPTROLLER to invest $ 250 million in Bitcoin crossing to board

Today, HB 4258that authorizes the State Investment Coupon in $ 250 million in Bitcoin was sent to the state Delivery of the Government Efficiency CommitteeWhat is the Texas version of the United States of the Federal Government Exaggerate.

The bill was originally presented in Texas representatives, 11. March 2025. years, and sponsored two Democratic Congresses – tail. Ron Reinolds and Mihaela dance.

According to the proposed legislation, Tekasovo-Kompoler would have the power to invest funds (up to $ 250 million, as mentioned) from the state Fund for Economic Stabilization – Colloquely rated as a “rainy day”, created as a savings account for the state and preventing a sudden significant reduction in schools, health care or other vital civil services – in Bitcoin and / or other cryptocurries.

He also authorizes municipalities or counties to invest up to 10 million of its means or funds under its control in Bitcoin and / or other cripples.

If Bill became law, it would take effect 1. September 2025. years, which would enable government officials and local levels to form investment strategy as well as to design a plan for detention.

Toward Bitcoin LawsHB 4258 is one of the eight currently active records related to Bitcoin or Crypto, which were introduced or the Texas Senator or the State House of Representatives. Of the eight accounts, the fifth is to move to the board.

Four of these laws, including this current account, would authorize the state to put the apartment in a balance in a way. Other three – HB 1598, Senate Bill (sb) 21 and SB 778 – Everyone calls for Texas to establish a Bitcoin Strategic Reserve (SBR).

These three SBR calculations are in the board, with SB 21 now in its second round of reviews by the Committee. Account He recently passed the State Senate with 25-5 votes.

Texas remains a state with another number of active laws related to Bitcoin and crypto, only Arizona lags behind, which has nine active accounts, three of which are close in law.

The state is still one of the most interesting states tailored to the United States, because it is not only friendly in Bitcoin in the legislature, but currently home is approximately one-third of the total key for maximum excavation bitcoin.