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Bitcoin Magazine: Texas lawmaker introduces HB 815, proposing to allow each city and county to invest up to $10 million in crypto assets
According to Bitcoin Magazine, Texas State Representative Ron Reynolds has introduced House Bill 815 (HB 815), which would allow each city or county in the state to invest up to $10 million of public funds in Bitcoin or other cryptocurrencies. This cap applies individually to each city and county rather than being a shared statewide pool. The report noted that the bill has not yet been referred to a committee and, if enacted into law, is slated to take effect on September 1, 2027.
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