Today, a legislative proposal known as H.B. 4258, which permits the state’s comptroller to allocate up to $250 million for investing in bitcoin, has been directed to the Delivery of Government Efficiency Committee. This committee functions similarly to the federal government’s DOGE.
The bill, introduced to the Texas House of Representatives on March 11, 2025, has garnered support from two Democratic Representatives, Ron Reynolds and Mihaela Plesa. The essence of the proposed law is to grant the Texas comptroller authority to channel funds—specifically up to $250 million—from the Economic Stabilization Fund into bitcoin and potentially other cryptocurrencies. Known as the “Rainy Day Fund,” this reserve was set up as a financial buffer to avert unexpected budget cuts in essential state sectors like education and healthcare.
Moreover, the legislation extends the opportunity for municipalities or counties to invest up to $10 million of their managed funds in bitcoin and other digital currencies. Should this bill secure approval, it’s slated to be enacted on September 1, 2025. This timeline would allow state and local government officials ample time to devise an investment strategy and develop a secure custody plan.
Bitcoin Laws notes that H.B. 4258 is part of a broader initiative, marking one of eight bitcoin or crypto-related proposals currently active in Texas’s legislative chambers. Out of these, five have reached the committee stage, including this particular bill.
Interestingly, four of these legislative efforts aim to include bitcoin in the state’s financial reserves in some capacity. The remaining three—H.B. 1598, Senate Bill (S.B.) 21, and S.B. 778—are pushing for the establishment of a Strategic Bitcoin Reserve (SBR) for Texas. These SBR-oriented bills are all presently under committee review. Notably, S.B. 21 has advanced to a second review phase and has successfully cleared the state Senate with a 25-5 vote.
Texas continues to stand out as the second most active state for bitcoin and crypto-related legislation in the U.S., just behind Arizona, which is advancing nine bills, with three nearing passage into law. The Lone Star State’s affinity for Bitcoin isn’t merely legislative. It also plays a key role in the practical aspect, hosting around a third of the U.S.’s total Bitcoin mining operations. This makes Texas one of the most accommodating states for Bitcoin enthusiasts in America.
