Texas Bill Would Allow $10M in Local Bitcoin Investments
4 Articles
4 Articles
Texas bill would allow $10M in local Bitcoin investments
Texas Rep. Ron Reynolds has filed a bill that would let each city and county invest up to $10 million in Bitcoin or other cryptocurrencies, without importing the market-cap restriction used by the state’s Bitcoin reserve. Texas Legislature Online’s introduced…
According to ChainCatcher, Texas Representative Ron Reynolds introduced HB 815, a bill that would allow each city and county in the state to invest up to $10 million of public funds in Bitcoin or other cryptocurrencies. The bill, submitted on the first day of pre-submission to the 90th Texas Legislative Assembly, would amend the Public Funds Investment Act by adding Section 2256.0165, "Authorized Investment: Cryptocurrencies." If enacted, this a…
Texas Rep. Files Bill Letting Cities Invest $10 Million In Bitcoin
A Texas lawmaker filed a bill Monday that would let each city and county in the state invest up to $10 million of public money in bitcoin or another cryptocurrency, without setting any rules for how those coins would be held. House Bill 815, filed by Rep. Ron Reynolds, a Missouri City Democrat, on the first day of prefiling for the 90th Texas Legislature, carries the caption “Relating to the authority of a municipality or county to invest money …
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
