Morning Edition · Thursday, November 12, 2026Published at 12:46 AM EST · New York

Texas Bill Would Let Cities and Counties Put $10 Million Each Into Crypto as a New York Judge Rules Against Novig

Without a federal market-structure law, the states are setting crypto policy on their own: Texas is expanding public exposure while New York applies its gambling law to a prediction-market operator.

Texas state Representative Ron Reynolds has filed a bill that would let each city and county invest up to $10 million in bitcoin or other cryptocurrencies. The bill does not carry over the market-capitalization restriction that applies to t…