Texas bill would let each city or county invest $10 million in bitcoin
AI summary
Texas Rep. Ron Reynolds filed House Bill 815 on Monday, which would let each Texas city or county invest up to $10 million of public money in bitcoin starting Sept. 1, 2027. The bill is only a proposal and would need to pass the legislature, but it signals growing state-level interest in public bitcoin exposure. Traders would watch for committee movement and any copycat bills, since actual municipal demand would be a modest but symbolic new source of buying.
