Texas Bill Proposes $10M Bitcoin Limit for Cities and Counties
A proposed Texas bill would allow every city and county in the state to invest up to $10 million in Bitcoin.
A new legislative bill introduced in Texas would permit every city and county in the state to invest up to $10 million in Bitcoin, according to data published by Bitbo. The proposed legislation marks another potential step toward municipal digital asset adoption within the state.
Legislative Proposal
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The measure aims to establish clear allocation allowances for local governments looking to add cryptocurrency to their municipal portfolios. If passed, the framework would set a specific $10 million threshold for each participating municipality.
Key facts
- According to Bitbo, a proposed Texas bill would allow every city and county to invest $10 million in Bitcoin.
- The legislation establishes municipal investment limits for local governments.
Source: news.google.com
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