Texas has introduced its second crypto-preparation bill, marking another important step towards integrating Bitcoin into its financial framework.
According to a document released on March 11, the proposed law, 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 state’s second attempt to establish a digital asset reserve, following the previous SB 778, which recently secured bipartisan support in the Senate.
Unlike previous proposals, HB 4258 can explicitly limit investments, expand participation to municipalities and counties, and allocate up to $10 million to digital assets. If approved and signed into law, the bill will take effect on September 1, 2025.
Texas’ push to Bitcoin reserve is in line with a broader trend across the US, where 21 states are investigating similar frameworks at different legislative stages. Some states have positive proposals, while others still have evaluations.
Chairman of the Texas Blockchain Council; Lee Blacher highlighted the state’s strategic stance on Bitcoin adoption. He pointed out the Texas triangle (energy), Austin (technology) and Dallas (capital market). Bitcoin integration is especially viable.
Texas’ first bitcoin bill
As mentioned earlier, SB 778 focuses on integrating crypto into the state’s financial system by enabling tax payments and donations on digital assets.
It also seeks to impose a five-year limit on the sales of state-run Bitcoin. With Senate approval secured, the bill awaits a predicted Texas House decision by May 24th.
Meanwhile, support for the initiative has been strong, with Texas Lieutenant Governor Dan Patrick calling the establishment of Bitcoin a strategic move to model other states.
He emphasized the decentralized nature and finite supply of Bitcoin, describing it as a valuable asset for Texas’ financial future. Patrick added:
“President Trump has clearly stated that he intends to make the United States the world’s cryptocurrency capital. His visionary leadership in Bitcoin and digital assets paves the way for fast innovation in America, and Texas is leading the way.”
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