today, HB 4258The state investment observer permits up to $ 250 million in Bitcoin, a state was referred Delivery of the government efficiency committeeIt is a Texas version of the United States’s federal government Dodge.
The draft law was originally brought to the House of Representatives in Texas on March 11, 2025, and was carried out by two Democratic Congress – Representative Ron Reynolds and Musta Pleisa.
According to the proposed legislation, the Texas Observer will have the ability to invest money (up to $ 250 million, as mentioned) from the state. Economic Stability Fund It is referred to as colloquially in the name of the “Rain Day” in the state, which was created to serve as a savings account for the state and to prevent sudden discounts in schools, health care or other vital state services – to encrypted currencies and/or other encrypted currencies.
It also allows municipalities or provinces to invest up to 10 million dollars from their money or money under their control of bitcoin and/or other cryptocurrencies.
If the bill will become a law, it will be valid on September 1, 2025, which will save time for government officials at the governmental and local level to formulate an investment strategy as well as setting a custody plan.
according to Bitcoin lawsHB 4258 is one of the eight bills active bills in Bitcoin or Crypto that was submitted to the Senator in Texas or the parliament in the state. Among the eight bills, from the fifth move to the committee.
Four of these bills, including the current draft law, will allow the state to put bitcoin on its public budget in some way. The other three – HB 1598and Senate Bill (SB) 21 and SB 778 – All that calls for Texas to create a Bitcoin Strategic Reserve (SBR).
These three SBR bills are all in the committee, with SB 21 now on its second tour of the committee. The draft law recently passed the Senate in the state, voting 25-5.
Texas is still the country that enjoys the second largest number of active bills in Bitcoin and Crypto, and is only behind Arizona, which includes nine active bills, three of which are about to age.
The state is still one of the most bitcoin countries in the United States, as it is not only suitable for bitcoin in the legislative sense, but it is almost currently home. A third of Bitcoin mining segmentation in the United States.
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