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Texas bill proposes cities and counties can invest up to $10M in bitcoin or other cryptocurrencies.

Market News
10 Nov 2026, 22:00 WIB
Bitcoin Magazine
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Bullish
Texas bill proposes cities and counties can invest up to $10M in bitcoin or other cryptocurrencies.

A Texas lawmaker introduced House Bill 815 allowing each city and county to invest up to $10 million of public funds in bitcoin or other cryptocurrencies starting September 2027. The bill does not set specific rules for custody or audits of these digital assets but requires local governments to update their investment policies accordingly. This move follows Texas' earlier creation of a Strategic Bitcoin Reserve and reflects growing acceptance of cryptocurrency at local government levels. The bill is pending committee review as the 90th Texas Legislature session begins in January 2027.

The Texas bill on city investments in bitcoin offers context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang, as of Nov 11, 2026 03:13 WIB, 6 out of 50 major cryptocurrencies rose while 42 fell. Notable movers include EOS at Rp12.649 with an 8.13% increase and AAVE at Rp2.230.717 with a 7.81% decrease in one day.

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