Rep. Ron Reynolds filed House Bill 815, which would allow each Texas city and county to invest up to $10 million in public funds in bitcoin or another cryptocurrency. The cap would apply separately to each local government and would exclude school districts and other local entities covered by the Public Funds Investment Act. The bill does not establish custody, digital-asset audit or loss-management rules, but governments would have to add cryptocurrencies to their written investment policies. The proposed authority would take effect on Sept. 1, 2027, if the bill becomes law. Filed before the regular session of the 90th Legislature convenes on Jan. 12, 2027, it has not yet been referred to a committee.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
