$BNB Texas state lawmakers have introduced a second Bitcoin reserve bill that would allow the state Comptroller to invest up to $250 million in Bitcoin or other cryptocurrencies.

On March 11, a document on the Texas state government site reveals another Bitcoin (BTC) reserve bill, HB 4258, has entered the ring. This is the second Bitcoin reserve bill to be introduced in the state, following Senate Bill 778, which is currently being reviewed by the House after passing a majority vote in the Senate.

Unlike the first bill, HB 4258 would grant the Comptroller, Texas’ chief accountant and financial watchdog, the ability to invest up to $250 million of the state’s economic stabilization fund balance in Bitcoin or other kinds of crypto assets.

Not only that, the bill also allows municipalities or counties to invest in Bitcoin or any other cryptocurrency, but not more than $10 million of its funds may be allocated to crypto.