Bill That Authorizes Texas Comptroller Invest $250 Million Into Bitcoin Moves To Committee

Today, H.B. 4258, which authorizes the state’s comptroller to put up to $250 cardinal successful bitcoin has been referred to the state’s Delivery of Government Efficiency Committee, which is Texas’ mentation of the United States national government’s DOGE.

The measure was primitively introduced to the Texas House of Representatives connected March 11, 2025, and was sponsored by 2 Democratic Congresspeople — Rep. Ron Reynolds and Mihaela Plesa.

Under the projected legislation, Texas’ comptroller would person the powerfulness to put funds (up to $250 million, arsenic mentioned) from the state’s Economic Stabilization Fund — colloquially referred to arsenic the state’s “Rainy Day Fund”, which was created to service arsenic a savings relationship for the authorities and to forestall abrupt notable cuts to schools, wellness care, oregon different captious authorities services — into bitcoin and/or different cryptocurrencies.

It besides authorizes municipalities oregon counties to put up to $10 cardinal of its funds oregon funds nether its power into bitcoin and/or different cryptocurrencies.

If the measure were to go law, it would instrumentality effect connected September 1, 2025, which would supply state- and local-level authorities officials clip to formulate an concern strategy arsenic good arsenic devise a program for custody.

According to Bitcoin Laws, H.B. 4258 is 1 of 8 presently progressive bitcoin- oregon crypto-related bills that person been introduced to either the Texas Senator oregon the state’s House of Representatives. Of the 8 bills, it’s the 5th to determination to committee.

Four of these bills, including this existent bill, would authorize the authorities to enactment bitcoin connected its equilibrium expanse successful immoderate fashion. The different 3 — H.B. 1598, Senate Bill (S.B.) 21 and S.B. 778 — each telephone for Texas to found a Strategic Bitcoin Reserve (SBR).

These 3 SBR bills are each successful committee, with S.B. 21 present successful its 2nd circular of reappraisal by committee. The measure recently passed the authorities Senate with a 25-5 vote.

Texas remains the authorities with the 2nd highest fig of progressive bitcoin- and crypto-related bills, trailing down lone Arizona, which has 9 progressive bills, 3 of which are adjacent to being enacted into law.

The authorities continues to beryllium 1 of the astir Bitcoin-friendly states successful the United States, arsenic not lone is it affable to Bitcoin successful a legislative sense, but it is presently location to astir one-third of the U.S.’s full Bitcoin mining hash rate.