Texas plans to legislate to limit Bitcoin purchases to $250 million

Odaily Planet Daily News: Texas Democratic Congressman Ron Levins submitted a bill on March 10th proposing to set the investment cap for the state's economic stability fund in Bitcoin or other cryptocurrencies at $250 million, while limiting local governments from investing more than $10 million in cryptocurrencies. Previously, on March 6th, the Texas Senate passed a bill to establish a strategic Bitcoin reserve without setting a purchase limit. If passed, the bill will come into effect on September 1, 2025. （Cointelegraph）