Texas Pushes $250M Bitcoin Investment Bill
🔹 New Legislation (HB 4258)
Texas proposes investing up to $250M from its Economic Stabilization Fund into Bitcoin and digital assets.
Local governments (cities/counties) can also invest up to $10M.
If passed, law takes effect on September 1, 2025.
🔹 Strategic Expansion
Second attempt following SB 778, which:
Allows tax payments & donations in digital assets.
Restricts state-owned BTC sales for 5 years.
🔹 Texas as a Bitcoin Hub?
Texas Blockchain Council: State has a strong Bitcoin infrastructure via its “Texas Triangle”—Houston (energy), Austin (tech), Dallas (capital markets).
Lieutenant Gov. Dan Patrick: BTC is a valuable, decentralized asset.
Trump: Plans to make the U.S. a crypto leader.
🔹 National Trend
21 U.S. states are considering similar digital asset reserve bills.
#Texas
🔹 New Legislation (HB 4258)
Texas proposes investing up to $250M from its Economic Stabilization Fund into Bitcoin and digital assets.
Local governments (cities/counties) can also invest up to $10M.
If passed, law takes effect on September 1, 2025.
🔹 Strategic Expansion
Second attempt following SB 778, which:
Allows tax payments & donations in digital assets.
Restricts state-owned BTC sales for 5 years.
🔹 Texas as a Bitcoin Hub?
Texas Blockchain Council: State has a strong Bitcoin infrastructure via its “Texas Triangle”—Houston (energy), Austin (tech), Dallas (capital markets).
Lieutenant Gov. Dan Patrick: BTC is a valuable, decentralized asset.
Trump: Plans to make the U.S. a crypto leader.
🔹 National Trend
21 U.S. states are considering similar digital asset reserve bills.
#Texas