[Texas Lawmaker Introduces New Bill to Allow Cities and Counties to Invest Up to $10 Million in Cryptocurrencies] According to a report by Bitcoin Magazine on November 11th, Texas Representative Ron Reynolds submitted House Bill 815 (HB 815) on November 9th, proposing to allow each city and county in the state to invest up to $10 million in public funds in Bitcoin or other cryptocurrencies. The bill proposes to amend the Public Funds Investment Act, allowing local governments to include cryptocurrencies in their investments, but does not specify provisions for digital asset custody, special audits, or handling of investment losses. Existing public funds investment management requirements will remain in effect. It is understood that this bill is a scaled-down version of Reynolds' broader cryptocurrency investment proposal introduced in 2025, and no longer includes the state economic stabilization fund. The bill is currently only in the submission stage and has not yet entered committee review. If passed, it is expected to take effect on September 1, 2027.