Update
Texas Bill Allows Cities and Counties to Invest in Cryptocurrency
State Rep. Ron Reynolds filed House Bill 815 on November 9, allowing cities and counties in Texas to invest public funds in Bitcoin or other cryptocurrencies with a $10 million cap per local government. The bill amends the Public Funds Investment Act to let cities and counties invest money they own or control. The measure would take effect in September 2027 if it becomes law. The bill uses the definitions of Bitcoin and cryptocurrency from Senate Bill 21, the 2025 law that created the state’s Bitcoin reserve. Cities and counties could buy assets that fit those definitions regardless of market capitalization.