Texas bill proposes allowing cities and counties to invest up to $10 million in crypto
Texas state Rep. Ron Reynolds has introduced House Bill 815, which would authorize municipalities and counties across the state to invest up to $10 million each in bitcoin or other cryptocurrencies.
Texas state Rep. Ron Reynolds, a Democrat, has filed House Bill 815, legislation that would permit any Texas municipality or county to invest up to $10 million of its funds in bitcoin or another cryptocurrency. If passed, the measure would take effect on September 1, 2027, granting local governments the option to allocate public capital to digital assets rather than mandating it.[2][3][5]
The bill amends Subchapter A, Chapter 2256 of the Texas Government Code by adding Section 2256.0165, titled Authorized Investments: Cryptocurrency. Under the draft statutory text, terms for bitcoin and cryptocurrency reference Section 403.701, enacted under Senate Bill 21 during the 2025 legislative session.[3]
The proposal could expand digital asset investment across more than 1,450 cities and counties in Texas, according to Bitcoin Magazine. Texas already maintains a state-level Bitcoin reserve, BlockNews and Cointelegraph reported. While Crypto Briefing noted the proposal could help local governments diversify their holdings, it observed that the measure could also lead to uneven risk management and financial exposure across jurisdictions.[1][2][4][5]
Key facts
- Texas Democratic Rep. Ron Reynolds introduced House Bill 815 to authorize municipalities and counties to invest in cryptocurrencies.
- HB 815 would allow a Texas municipality or county to invest up to $10 million of its money or funds under its control in bitcoin or another cryptocurrency.
- The bill adds Section 2256.0165 to Subchapter A, Chapter 2256 of the Texas Government Code.
- The measure would take effect on September 1, 2027, if approved by the Texas Legislature.
- Texas has over 1,450 cities and counties, according to Bitcoin Magazine.
- Texas already holds a state-level Bitcoin reserve, according to reports by BlockNews and Cointelegraph.
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- BM
Bitcoin Magazine@BitcoinMagazinePost on X 路
NEW: 馃嚭馃嚫 Texas Democrat Ron Reynolds introduces a bill to allow every city and county in the state to buy up to $10 million in #Bitcoin 馃憖 Texas has over 1,450 cities and counties 馃殌 https://t.co/uHOQmsX7H0
Open source - BL
BlockNews@blocknewsdotcomPost on X 路
馃毃LATEST: 馃嚭馃嚫 Texas cities and counties could soon invest up to $10 MILLION EACH in Bitcoin $BTC under newly proposed legislation! 馃殌 House Bill 815, introduced by Rep. Ron Reynolds, would take effect September 1, 2027, if approved. Texas already has a state-level Bitcoin reserve.
Open source - TB
The Block@TheBlockCoPost on X 路
THE BLOCK: Texas cities and counties could invest up to $10 million each in bitcoin $BTC or "another cryptocurrency" under an updated bill filed by Democratic Rep. Ron Reynolds. If passed, HB 815 would give local governments the option to put public money into crypto, with a proposed start date of Sept. 1, 2027.
Open source - CB
Crypto BriefingArticle 路
Texas bill would let cities and counties invest up to $10M each in Bitcoin The bill could diversify local government investments but may introduce uneven risk management and financial exposure across Texas. The post Texas bill would let cities and counties invest up to $10M each in Bitcoin appeared first on Crypto Briefing .
Open source - CO
Cointelegraph@CointelegraphPost on X 路
馃嚭馃嚫 LATEST: Texas cities and counties could invest up to $10 million each in Bitcoin under a newly filed House bill. HB 815, introduced by Rep. Ron Reynolds, would take effect on Sept. 1, 2027, if passed. Texas already has a state-level Bitcoin reserve. https://t.co/fXN75MG1qX
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