Texas Weighs Local Bitcoin Investment Limits for Cities and Counties
A Texas House proposal would let local governments invest up to $10 million in Bitcoin and other cryptocurrencies.
A Texas House proposal would let local governments invest up to $10 million in Bitcoin and other cryptocurrencies. Bitcoin (BTC) is trading at ₹68,83,921 ($73,349.00), down 0.3% since this brief published. This is an original Token Times brief based on reporting by Crypto Economy, with live market data added, as of Thu, 12 Nov 2026 09:45:01 UTC.
The measure could broaden public-sector access to digital assets beyond the state reserve framework, subject to a newly proposed local investment limit.
- Texas House Bill 815 proposes a $10 million local-government investment ceiling
- Cities and counties could invest in Bitcoin and other cryptocurrencies
- The bill would remove a $500 billion market-cap threshold
- Bitcoin trades at $73,586 as the broader crypto market remains flat
- Texas Weighs Local Bitcoin Investment Limits for Cities and Counties — this brief
- Texas Weighs Local Public Crypto Investments Up to $10 Million
Texas House Bill 815 would allow each city and county in the state to invest as much as $10 million in 
Bitcoin and other cryptocurrencies. Republican Representative Ron Reynolds introduced the proposal, which remains under consideration rather than having become law.
The legislation would also remove the $500 billion market-capitalization threshold applied to assets under Texas’s existing Bitcoin reserve framework. Crypto Economy, the sole outlet cited in this coverage, described that change as part of the bill but did not provide further detail about how the threshold currently operates.
The proposal places local governments at the center of a public-sector Bitcoin framework. Its investment ceiling would apply to both cities and counties, while the removal of the market-cap threshold could affect the range of assets eligible under the state reserve structure. The supplied summary did not specify an effective date for the proposal.
Live market context shows Bitcoin at $73,586, down 0.50% over 24 hours and 8.68% over seven days. Its market capitalization stands at $1.48 trillion. The total crypto market capitalization is $2.51 trillion and is broadly flat, while the Fear & Greed Index is at 28, indicating a Fear reading. A key point to watch is whether the proposal advances through the Texas Legislature and how its final investment and asset-eligibility terms are defined.
Since this brief published about 10 hours ago, Bitcoin (BTC) has moved from ₹69,06,164.13$73,586.00 to ₹68,83,921.30$73,349.00 — -0.32%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 BTC ≈ ₹7.34M (about $73,349.00), down 0.3% over 24 hours. The rupee itself trades about 6.6% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Texas Weighs Local Bitcoin Investment Limits for Cities and — questions & answers
What would Texas House Bill 815 allow local governments to do?
It would permit each city and county to invest up to $10 million in Bitcoin and other cryptocurrencies.
Which market-cap threshold would the bill remove?
The proposal would remove the $500 billion threshold applied to assets under the state’s Bitcoin reserve framework.
Is the Texas proposal already law?
No. It was introduced by Representative Ron Reynolds and remains under consideration.
How much is 1 Bitcoin worth in rupee today?
About ₹7.34M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $73,349.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.32% since this brief first published — trading at ₹68,83,921 ($73,349.00) now versus ₹69,06,164 ($73,586.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Economy. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.