{"id":2830,"date":"2025-04-01T22:18:36","date_gmt":"2025-04-01T22:18:36","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/04\/01\/bill-that-authorizes-texas-comptroller-to-invest-250-million-into-bitcoin-moves-to-committee\/"},"modified":"2025-04-01T22:18:36","modified_gmt":"2025-04-01T22:18:36","slug":"bill-that-authorizes-texas-comptroller-to-invest-250-million-into-bitcoin-moves-to-committee","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/04\/01\/bill-that-authorizes-texas-comptroller-to-invest-250-million-into-bitcoin-moves-to-committee\/","title":{"rendered":"Bill That Authorizes Texas Comptroller To Invest $250 Million Into Bitcoin Moves To Committee"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Bill That Authorizes Texas Comptroller To Invest $250 Million Into Bitcoin Moves To Committee<\/a><\/p>\n

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Today, H.B. 4258<\/a>, which authorizes the state\u2019s comptroller to invest up to $250 million in bitcoin has been referred to the state\u2019s Delivery of Government Efficiency Committee<\/a>, which is Texas\u2019 version of the United States federal government\u2019s DOGE<\/a>.<\/p>\n

The bill was originally introduced to the Texas House of Representatives on March 11, 2025, and was sponsored by two Democratic Congresspeople \u2014 Rep. Ron Reynolds and Mihaela Plesa.<\/p>\n

Under the proposed legislation, Texas\u2019 comptroller would have the power to invest funds (up to $250 million, as mentioned) from the state\u2019s Economic Stabilization Fund<\/a> \u2014 colloquially referred to as the state\u2019s \u201cRainy Day Fund\u201d, which was created to serve as a savings account for the state and to prevent sudden notable cuts to schools, health care, or other vital state services \u2014 into bitcoin and\/or other cryptocurrencies.<\/p>\n

It also authorizes municipalities or counties to invest up to $10 million of its funds or funds under its control into bitcoin and\/or other cryptocurrencies.<\/p>\n

If the bill were to become law, it would take effect on September 1, 2025, which would provide state- and local-level government officials time to formulate an investment strategy as well as devise a plan for custody.<\/p>\n

According to Bitcoin Laws<\/a>, H.B. 4258 is one of eight currently active bitcoin- or crypto-related bills that have been introduced to either the Texas Senator or the state\u2019s House of Representatives. Of the eight bills, it\u2019s the fifth to move to committee.<\/p>\n

Four of these bills, including this current bill, would authorize the state to put bitcoin on its balance sheet in some fashion. The other three \u2014 H.B. 1598<\/a>, Senate Bill (S.B.) 21<\/a> and S.B. 778<\/a> \u2014 all call for Texas to establish a Strategic Bitcoin Reserve (SBR).<\/p>\n

These three SBR bills are all in committee, with S.B. 21 now in its second round of review by committee. The bill recently passed the state Senate<\/a> with a 25-5 vote.<\/p>\n

Texas remains the state with the second highest number of active bitcoin- and crypto-related bills, trailing behind only Arizona, which has nine active bills, three of which are close to being enacted into law.<\/p>\n

The state continues to be one of the most Bitcoin-friendly states in the United States, as not only is it friendly to Bitcoin in a legislative sense, but it is currently home to approximately one-third of the U.S.\u2019s total Bitcoin mining hash rate<\/a>.<\/p>\n

This post Bill That Authorizes Texas Comptroller To Invest $250 Million Into Bitcoin Moves To Committee<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Frank Corva<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Bill That Authorizes Texas Comptroller To Invest $250 Million Into Bitcoin Moves To Committee Today, H.B. 4258, which authorizes the state\u2019s comptroller to invest up to $250 million in bitcoin has been referred to the state\u2019s Delivery of Government Efficiency Committee, which is Texas\u2019 version of the United States federal government\u2019s DOGE. The […]<\/p>\n","protected":false},"author":0,"featured_media":2831,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-2830","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2830","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=2830"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/2830\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/2831"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=2830"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=2830"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=2830"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}