Texas Introduces Second Crypto Reserve Bill
Texas is taking another significant step towards integrating Bitcoin into its financial framework with the introduction of a second crypto reserve bill.
Overview of HB 4258
The proposed legislation, HB 4258, aims to allocate up to $250 million from the state’s economic stabilization fund for Bitcoin and other digital assets. This marks the second attempt by the state to establish a digital asset reserve, following the earlier SB 778.
- HB 4258 explicitly caps investment and extends participation to municipalities and counties.
- Municipalities and counties can allocate up to $10 million to digital assets under this bill.
- If approved and signed into law, HB 4258 would take effect on Sept. 1, 2025.
Broader Trends Across the US
Texas’ push for a Bitcoin reserve is in line with broader trends across the US, where 21 states are exploring similar frameworks at different legislative stages. Some states have active proposals, while others are still in the evaluation phase.
Texas Triangle’s Role in Bitcoin Adoption
The President of the Texas Blockchain Council, Lee Bratcher, highlighted the state’s strategic position for Bitcoin adoption. He pointed to the Texas Triangle—Houston (energy), Austin (tech), and Dallas (capital markets)—as a convergence of industries that makes Bitcoin integration particularly viable.
Texas’ First Bitcoin Bill
SB 778 focuses on integrating crypto into the state’s financial system by enabling tax payments and donations in digital assets. It also seeks to impose a five-year restriction on selling state-owned Bitcoin. With Senate approval secured, the bill awaits a decision in the Texas House, expected by May 24.
Support for the Initiative
Texas Lieutenant Governor Dan Patrick has voiced strong support for the initiative, calling the establishment of a Bitcoin reserve a strategic move that could set an example for other states. He emphasized Bitcoin’s decentralized nature and finite supply, describing it as a valuable asset for Texas’ financial future.
“President Trump has stated unequivocally that he intends to make the United States the cryptocurrency capital of the world. His visionary leadership on Bitcoin and digital assets has paved the way for rapid American innovation, and Texas is leading the way.”
