Texas Lawmaker Proposes $250M Cap on State’s Bitcoin Purchases to Protect Taxpayer Interests
A Texas lawmaker has introduced a bill that would limit how much local and state authorities can invest in cryptocurrencies as reserve assets. Proposed by Representative Ron Reynolds, the bill aims to restrict the state’s Economic Stabilization Fund, also known as the “rainy day” fund, to a maximum investment of $250 million in Bitcoin and ...
