Texas lawmaker has proposed limiting the amount of the state’s investments in bitcoin

If the bill passes, the local financial regulator would not be able to direct more than $250 million to buy cryptocurrency

12.03.2025 - 13:00

3 min

What’s new? A member of the House of Representatives of Texas, Democrat Ron Reynolds has introduced a bill to limit the volume of investments in bitcoin after the creation of a crypto reserve at the state level. According to the document, the local financial regulator would be allowed to invest no more than $250 million from the economic stabilization fund in crypto assets, and the amount would be capped at $10 million for Texas municipalities or counties.

Bill page

What else is known? The proposed bill follows the Texas Senate’s March 6 passage of legislation to create a strategic BTC reserve. Its final version does not set a limit on the amount of money the financial regulator can spend to buy cryptocurrency.

The document was one of many separate bills to create a crypto reserve proposed by state governments after Donald Trump was inaugurated and Republicans gained control of Congress. Texas Lieutenant Governor Dan Patrick in January called consideration of a bill to create a BTC reserve a priority.

Utah Senate strikes BTC reserve clause from blockchain bill

After Senate approval, the document is sent to the state governor for signature

A total of 31 states have introduced such bills, but Pennsylvania, Montana, Kentucky, North Dakota, and Utah have not garnered the necessary support, while other states have bills pending.

In addition, on January 7, Trump signed an executive order creating two strategic national crypto funds: a bitcoin reserve and a stockpile of digital assets, each to be initially formed from confiscated cryptocurrencies managed by the Treasury Department.

For the bitcoin reserve, budget-neutral strategies for buying new coins would be worked out, while tokens from the digital asset reserve could only be sold.

Also, Republican Cynthia Lummis, who chairs the Digital Asset Subcommittee of the federal Senate Banking Committee, reintroduced a bill to buy 5% of the total bitcoin supply and create a network of vaults for the asset under the Treasury Department/s management.

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