Texas Democrats Propose $250 Million Bitcoin Investment Bill

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By Carine W.Apr 02, 2025

Texas Lawmakers Introduce Cryptocurrency Investment Legislation.

According to information disclosed by Pierre Rochard, Vice President of Research at Riot Platforms, Democratic lawmakers in the Texas House of Representatives have introduced a bill that would authorize significant government investment in Bitcoin. The proposed legislation would permit the state to invest up to $250 million in Bitcoin from its economic stabilization fund.

The bill, identified as H.B. No. 4258 and sponsored by Representative Reynolds, also includes provisions allowing municipalities and counties across Texas to invest up to $10 million each in Bitcoin or other cryptocurrencies.

The legislation provides specific definitions for both "Bitcoin" and "cryptocurrency" within the government code:

"Bitcoin" is defined as "a type of decentralized cryptocurrency created by a peer-to-peer network that operates independently of any central authority or bank."
"Cryptocurrency" is defined as "a type of virtual currency that uses cryptography to secure transactions that are digitally recorded on a distributed ledger, such as a blockchain."

If passed, the bill would take effect on September 1, 2025.

In the social media post sharing this information, Rochard noted "Bitcoin is bipartisan" and thanked Representatives with the usernames @ronereynolds and @plesafortexas for their leadership on this initiative.

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