Texas Advances Crypto Bill with Ambitious $250M Investment Strategy
Texas is advancing its crypto adoption with House Bill 4258, which allows up to $250 million in public funds to be invested in digital assets like bitcoin.
The bill, introduced on March 10, 2025, will let the state comptroller and local governments invest in cryptocurrencies. With limits on fund allocations. Local governments can invest up to $10 million, while the state may invest up to $250 million.
This bill, along with other legislative efforts like the Texas Strategic Bitcoin Reserve, signals Texas’ growing role in cryptocurrency investments. Despite concerns over volatility and regulation.
Clever Robot News Desk 14th March 2025
