The Texas House Bill 815 would allow municipalities and counties to invest up to $10 million in public funds in Bitcoin or other cryptocurrencies starting September 1, 2027, if enacted. School districts would be excluded, and participating governments would have to revise their investment policies before placing funds. The bill was pre-filed on November 10, 2026, by Democratic state representative Ron Reynolds of Missouri City, and has not yet been assigned to a committee. Unlike Senate Bill 21, it includes no market-cap threshold, custody regulations, or rules for handling losses. Texas already has approximately $10 million in Bitcoin exposure through the BlackRock iShares Bitcoin Trust, while the proposed lack of uniform safeguards could leave local governments with different levels of taxpayer protection.
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