Bitcoin Magazine
Legislation Authorizing Texas Comptroller to Invest $250 Million in Bitcoin Advances to Committee
Today, House Bill 4258, which empowers the state’s comptroller to invest up to $250 million in Bitcoin, was formally referred to the Delivery of Government Efficiency Committee in Texas. This committee serves a function comparable to the federal government’s DOGE committee.
Initially presented to the Texas House of Representatives on March 11, 2025, the bill was sponsored by Democratic agents Ron Reynolds and Mihaela Plesa.
The proposed legislation grants the Texas comptroller the authority to designate funds—up to the abovementioned $250 million—from the state’s Economic Stabilization Fund, frequently called the “Rainy Day Fund.” This fund is developed to function as a monetary protect for the state, reducing the danger of abrupt cuts to necessary services such as education and health care. The comptroller would be allowed to purchase Bitcoin and/or other cryptocurrencies under this structure.
Furthermore, the bill permits towns and counties to invest up to $10 countless their particular funds or funds under their control into Bitcoin and/or other cryptocurrencies.
Should this bill be enacted, it would work on September 1, 2025, enabling state and city government authorities the essential time to establish an investment technique and a custody prepare for the possessions.
According to Bitcoin Laws, H.B. 4258 is among 8 active costs associated to Bitcoin or cryptocurrency presently presented in either the Texas Senate or the House of Representatives. It is notable that this is the fifth of these costs to development to the committee phase.
Among these propositions, 4—consisting of the present bill—goal to allow the state to include Bitcoin into its balance sheet in some way. The other 3 costs—H.B. 1598, Senate Bill (S.B.) 21, and S.B. 778—look for to develop a Strategic Bitcoin Reserve (SBR) for Texas.
These SBR efforts are also under committee evaluation, with S.B. 21 presently undergoing its 2nd round of evaluation. Notably, this bill just recently protected passage in the state Senate with a substantial vote of 25-5.
Texas ranks 2nd in the country for the variety of active Bitcoin- and cryptocurrency-associated legal propositions, gone beyond just by Arizona, which presently boasts 9 active costs—3 of which are nearing the procedure of enactment.
As a legal environment, Texas has actually constantly shown its disposition towards Bitcoin, and it presently hosts roughly one-third of the overall Bitcoin mining hash rate in the United States.
This post, entitled “Legislation Authorizing Texas Comptroller to Invest $250 Million in Bitcoin Advances to Committee,” was at first released on Bitcoin Magazine and authored by Frank Corva.
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