Odaily News reports that on March 10, Texas Democratic Representative Ron Reynolds submitted a bill proposing to set the investment cap for the state's Economic Stabilization Fund in Bitcoin or other cryptocurrencies at $250 million, while also limiting the amount that local governments can invest in cryptocurrencies to no more than $10 million. Previously, the Texas Senate passed a bill on March 6 to establish a strategic Bitcoin reserve, with no purchase limit set. If the bill is passed, it will take effect on September 1, 2025. (Cointelegraph)