THE STREET · 2026-11-11 17:33 UTC

Texas may let cities buy crypto with taxpayer money

Texas Rep. Ron Reynolds (D-Missouri City) filed House Bill 815, which would let each city or county invest up to $10 million of public funds in Bitcoin or other cryptocurrency starting September 1, 2027. The two-section bill amends the Public Funds Investment Act, omits the state reserve law's $500 billion market cap threshold and custody rules, and says nothing on audits or losses; school districts are excluded. Local governments would have to add crypto to their written investment policies first, and the bill has not yet been assigned to a committee ahead of the January 12, 2027 session.

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