Texas Representative Ron Reynolds introduced a bill that would allow each city and county to invest up to $10 million in Bitcoin or other cryptocurrencies.
According to Crypto.news, the proposal does not carry over the market capitalization limit set for the Texas Bitcoin Reserve. The report does not specify the voting schedule or conditions for the bill to take effect, nor does it provide arguments from supporters.
· If passed, the bill would apply to Texas cities and counties, not individual investors.
· $10 million is the limit for each city or county, not a statewide total.
Would you rather first see the bill’s committee schedule or how it defines BTC holdings?
According to Crypto.news, the proposal does not carry over the market capitalization limit set for the Texas Bitcoin Reserve. The report does not specify the voting schedule or conditions for the bill to take effect, nor does it provide arguments from supporters.
· If passed, the bill would apply to Texas cities and counties, not individual investors.
· $10 million is the limit for each city or county, not a statewide total.
Would you rather first see the bill’s committee schedule or how it defines BTC holdings?
