Texas Weighs Local Public Crypto Investments Up to $10 Million
A Texas House proposal would let each city and county invest up to $10 million in Bitcoin or other cryptocurrencies.
A Texas House proposal would let each city and county invest up to $10 million in Bitcoin or other cryptocurrencies. Bitcoin (BTC) is trading at ₹68,95,653 ($73,474.00), down 0.2% since this brief published. This is an original Token Times brief synthesising 2 outlets (CoinEdition, Crypto.news), with their figures cross-checked, plus live market data, as of Thu, 12 Nov 2026 05:45:01 UTC.
HB 815 would extend crypto exposure beyond the state level to local public funds, creating a new allocation mechanism while leaving the proposal subject to legislative consideration.
- Texas HB 815 proposes a $10 million cap per city or county.
- Bitcoin and other cryptocurrencies would be eligible investment options.
- The proposal would omit the market-cap restriction associated with Texas’s reserve framework.
- BTC trades at $73,600, down 0.12% over 24 hours.
CoinEdition, Crypto Economy, and Crypto.news all report that Texas House Bill 815, introduced by Representative Ron Reynolds, would allow each city and county to invest up to $10 million in Bitcoin or other cryptocurrencies. CoinEdition specifically says the measure would amend the Public Funds Investment Act, while Crypto Economy and Crypto.news emphasize that local investments would not carry the market-cap restriction used in the state’s Bitcoin reserve framework. The main difference is specificity: Crypto Economy alone identifies the removed threshold as $500 billion, and CoinEdition alone highlights the Public Funds Investment Act amendment; no supplied outlet contradicts the shared $10 million figure.
Texas Representative Ron Reynolds filed House Bill 815 on Nov. 9, proposing that cities and counties across the state be permitted to invest public funds in 
Bitcoin and other cryptocurrencies. Each participating local government would be subject to a $10 million investment cap, according to coverage from CoinEdition, Crypto Economy, and Crypto.news.
CoinEdition says the measure would amend Texas’s Public Funds Investment Act to create the local investment option. Crypto Economy and Crypto.news focus on another feature of the proposal: local governments would be able to select crypto assets without applying the market-cap restriction associated with the state’s Bitcoin reserve framework. The proposal remains under consideration.
The three outlets agree on the bill number, sponsor, eligible local governments, crypto investment scope, and $10 million limit. Crypto Economy provides the most detail about the omitted framework, describing it as a $500 billion market-capitalization threshold. CoinEdition is the only outlet in the supplied coverage to explicitly identify the Public Funds Investment Act as the statute that would be changed, while Crypto.news highlights the absence of a reserve-style market-cap condition.
The local-government allocation would sit separately from Texas’s existing state Bitcoin reserve framework, with each city or county receiving its own $10 million ceiling. The supplied summaries do not specify the proposal’s effective date, and its consideration means it is not yet an operative investment authorization. They also do not provide a process for selecting assets, a required investment period, or conditions governing when local governments could make allocations.
Live market data show Bitcoin at $73,600, down 0.12% over 24 hours and 8.49% over seven days. Its market capitalization is $1.48 trillion. The broader crypto market is valued at $2.51 trillion and is described as flat, while the Fear & Greed index stands at 28, indicating a Fear reading.
HB 815 would matter because it could place crypto within the investment choices available to municipal and county public funds rather than limiting that exposure to a state-level reserve policy. Its progress will determine whether the $10 million ceiling and the exclusion of a market-cap threshold remain in the final legislation, making the bill text, amendments, and legislative status the relevant items to monitor.
Since this brief published about 6 hours ago, Bitcoin (BTC) has moved from ₹69,07,478.05$73,600.00 to ₹68,95,652.75$73,474.00 — -0.17%.
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 ≈ ₹7.30M (about $73,474.00), down 0.4% over 24 hours. The rupee itself trades about 5.9% 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.
1 key figure independently matched across 3 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
Texas Weighs Local Public Crypto Investments Up to $10 Milli — questions & answers
What would Texas House Bill 815 allow?
It would let each Texas city and county invest up to $10 million in Bitcoin or other cryptocurrencies using public funds.
Who introduced the Texas crypto investment bill?
State Representative Ron Reynolds filed House Bill 815 on Nov. 9.
Would local crypto investments face a market-cap test?
Crypto Economy and Crypto.news report that the proposal would omit the market-cap restriction used in the state Bitcoin reserve framework. Crypto Economy identifies the omitted threshold as $500 billion.
How much is 1 Bitcoin worth in rupee today?
About ₹7.30M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $73,474.00. 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 0.17% since this brief first published — trading at ₹68,95,653 ($73,474.00) now versus ₹69,07,478 ($73,600.00) 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 CoinEdition, Crypto.news, with the key figures cross-checked for agreement across them. 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.