House Bill 815, pre-filed in Texas for the 2027 legislative session, proposes allowing cities and counties to invest up to $10 million in Bitcoin or other cryptocurrencies under the Public Funds Investment Act. The bill excludes school districts and requires local governments to update their investment policies before investing. Unlike a previous broader bill, HB 815 does not include custody or loss-handling rules, leaving local governments to set their own safeguards. If passed, the law would take effect on September 1, 2027, marking a significant shift in public fund investment options in Texas.
The Texas bill proposing local governments to invest up to $10 million in Bitcoin provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, here is the market snapshot as of Nov 12, 2026 01:02 WIB: out of 50 major cryptocurrencies, 37 rose and 10 fell. Notable movers include ADA (Cardano) with a 3.95% increase and a Pluang order activity split of 46% Sell / 54% Buy, FIL (Filecoin) up 3.87% with 100% Buy activity, and CAKE (PancakeSwap) rising 3.67% but with 88% Sell activity.
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