# 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.

- Published: 2026-11-12T05:46:45.461Z
- Canonical: https://polylog.news/crypto/2026-11-12/texas-bill-would-let-cities-and-counties-put-10-million-each
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [crypto.news](https://crypto.news/texas-bill-city-county-bitcoin-investments/), [Polylog editors](https://polylog.news), [CryptoSlate](https://cryptoslate.com/novig-loses-court-shield-and-new-york-gambling-laws-strike-back/)

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…

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