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Texas introduces another Bitcoin reserve bill, allowing the state auditor to invest no more than 250 million dollars in cryptocurrency
Bitget2025/03/11 06:02
Texas has introduced another Bitcoin reserve bill (HB 4258), which allows the state auditor to invest up to $250 million of the Economic Stabilization Fund balance in Bitcoin or other cryptocurrencies, and permits local governments (such as municipalities or counties) to invest their funds not exceeding $10 million in Bitcoin or other cryptocurrencies. The bill will take effect on September 1, 2025.
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