Today, HB 4258, which authorizes the state controller to invest up to $ 250 million in Bitcoin has been referred to the delivery of the state committee of the government’s efficiency, which is the version of the Texas of the Doge of the Federal Government of the United States.
The bill was originally introduced to the Chamber of representatives of Texas on 11 March 2025 and was sponsored by two democratic conferences – the representative Ron Reynolds and Mihaela Plese.
Pursuant to the proposed legislation, the Texas controller would have the power to invest funds (up to $ 250 million, as mentioned) from the state of the state’s economic stabilization fund – colored as a “Fund for the day of the rains” of the State, which has been created to be a saving account for the State and to prevent sudden significant cuts in schools, health care or other state services – in Bitille and other plates.
It also authorizes municipalities or counties to invest up to $ 10 million or funds under its control over bitcoin and/or other cryptocurrencies.
If the bill were to become law, it would come into force on 1 September 2025, which would provide government officials at state and local level to formulate an investment strategy and devise a plan for custody.
According to Bitcoin Laws, HB 4258 is one of the eight invoices currently active Bitcoin or encryption that have been introduced to the Senator of Texas or the Chamber of State Representatives. Of the eight invoices, it is the fifth to move on to the committee.
Four of these invoices, including this current bill, would authorize the state to put Bitcoin in its balance sheet. The other three – HB 1598, Senate Bill (SB) 21 and SB 778 – all require Texas to establish a strategic Bitcoin reserve (SBR).
These three SBR invoices are all in commission, with SB 21 now in its second revision round by the Committee. The bill recently approved the state Senate with a vote of 25-5.
The Texas remains the state with the second highest number of active invoices related to bitcoin and cryptocurrencies, dragging behind only Arizona, which has nine active invoices, three of which are close to the issue of the law.
The state continues to be one of the most suitable states of bitcoins in the United States, since not only is friendly with Bitcoin in a legislative sense, but currently hosts about a third of the U.S. Bitcoin Mineral Hash rate.