Texas House Bill 4258 proposes a $250 million investment in Bitcoin and other digital currencies, reflecting increasing bipartisan support for digital assets.
The legislation aims to clarify how states can manage their finances and engage in the future digital economy.
If enacted, the bill would allow Texas municipalities and counties to invest up to $10 million of their funds in the crypto market, potentially boosting the local economy.
The investment could inspire other states to consider similar investment models and accelerate the trend of national adoption of Bitcoin and other cryptocurrencies.