Texas kicks off 89th legislative session with new strategic Bitcoin reserve bill

January 16, 2025 Coin Telegraph

Bitcoin

If passed and signed into law, “it would make Texas the first state to establish a strategic Bitcoin reserve,” says Senator Charles Schwertner.

Texas state Senator Charles Schwertner has introduced a bill in the new legislative session to establish a strategic Bitcoin reserve in the Lone Star State.

“It’s time for Texas to lead the way in establishing a Strategic Bitcoin Reserve,” the Republican politician and physician said while announcing the Senate Bill (SB 778) on X on Jan. 16.

“If passed and signed into law, [it] would make Texas the first state in the nation to establish a Strategic Bitcoin Reserve,” he said before adding, “This would position our state at the forefront of the digital economy, driving growth and securing economic freedom for our great state.”

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Crypto advocate Tom Emmer named vice chair of crypto and AI subcommittee

January 15, 2025 Coin Telegraph

“With Gary Gensler confined to the waste bin of Washington, we have an excellent opportunity to ensure that the future of digital assets is guided by Americans,” said Emmer.

United States Representative Tom Emmer has been appointed vice chairman of the House Subcommittee on Digital Assets, Financial Technology and Artificial Intelligence.

“With President Trump in the White House, and Gary Gensler confined to the waste bin of Washington, we have an excellent opportunity to ensure that the future of digital assets is guided by Americans, with American values,” the Minnesota Republican said on X on Jan. 15.

The House Financial Services Committee’s Subcommittee vice chairs and subcommittee assignments for the 119th Congress were announced by Committee Chairman French Hill on Jan. 14.

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Trump’s inauguration nears, but crypto promises could ‘take some time’ — NYDIG

January 13, 2025 Coin Telegraph

Coin Telegraph

Donald Trump’s inauguration is just a week away, but key crypto legislation may take a bit longer to come into effect, cautioned NYDIG.

Donald Trump’s inauguration is just days away and the US president-elect has promised to overhaul crypto regulations, but the New York Digital Investment Group says that could be a way off.

NYDIG global head of research Greg Cipolaro said in a Jan. 10 research note that it “would caution on expecting immediate changes” to crypto policy, even with Trump taking office on Jan. 20.

Cipolaro said that while the inauguration is renewing hopes for the incoming administration to execute many of its campaign promises, “many can happen quickly, but some may take some time.”

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Oklahoma senator introduces Bitcoin Freedom Act for BTC payments

January 9, 2025 Coin Telegraph

Bitcoin Payments

“If Washington D.C. can ruin something, it likely will. And it is certainly ruining the US Dollar,” said Senator Deevers after introducing the bill.

Republican senator for Oklahoma, Dusty Deevers, has filed legislation that would allow employees and residents in the state to opt to receive payment and salaries in Bitcoin (BTC) and enable vendors to accept BTC payments.

“In a time when inflation is eroding the purchasing power of hard-working Oklahomans, Bitcoin provides a unique opportunity to protect earnings and investments,” said Deevers after introducing the Bitcoin Freedom Act on Jan. 8.

“As Bitcoin continues to rise and the value of the dollar continues to be printed away in Washington D.C., Oklahoma must act to protect our people,” he added.

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Crypto Advocacy Group Coin Center Names Top Three Threats Against Digital Asset Industry

November 25, 2024 The Daily Hodl

Coin Center

A prominent non-profit crypto advocacy group is naming the biggest current threats to the digital assets industry. In a new report analyzing crypto legislation after the 2024 US presidential election, Coin Center says the three biggest threats to the industry are the Internal Revenue Service’s (IRS) mandate to report crypto transactions larger than $10,000 (6050I), […]

The post Crypto Advocacy Group Coin Center Names Top Three Threats Against Digital Asset Industry appeared first on The Daily Hodl.

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JPMorgan: We Are Bullish on Digital Assets Into 2025

October 18, 2024 Bitcoin.com

Bitcoin

Global investment bank JPMorgan is bullish on cryptocurrency into 2025, driven by regulatory shifts and geopolitical tensions. Analysts suggest a Donald Trump re-election as the U.S. president could propel BTC higher, reinforcing the “debasement trade” as investors seek refuge in digital assets. With major liquidations behind and institutional support increasing, JPMorgan sees strong momentum for […]

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Ireland drafting urgent crypto laws before EU money-laundering rules

October 17, 2024 Coin Telegraph

Coin Telegraph

Ireland’s finance minister wants to act quickly before the EU imposes strict Anti-Money Laundering standards.

Ireland is preparing to draft “urgent” cryptocurrency regulations ahead of upcoming European Union Anti-Money Laundering and terror financing standards.

Ireland’s Finance Minister, Jack Chambers, told the cabinet that urgent legislation would be drafted to update crypto regulations before the EU laws take effect on Dec. 30, the Irish Examiner reported on Oct. 16.

No details were shared about the new crypto legislation or when it might come into force.

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Lawmaker Criticizes Biden-Harris Administration’s Approach to Defi Regulation

September 11, 2024 Bitcoin.com

Biden

House Financial Services Subcommittee Chairman French Hill emphasized the need to understand decentralized finance technologies during a hearing. He criticized the Biden administration’s regulatory approach and urged Congress to keep discussions open on supporting defi innovation. Hill noted that current regulatory frameworks were created for a system reliant on centralized intermediaries, not the decentralized, peer-to-peer […]

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What the California AI ‘killswitch’ bill means for decentralized AI

August 31, 2024 Coin Telegraph

The AI industry is split over new legislation in California that would implement a sort of emergency stop in AI systems.

Industry figures are divided on a contentious Californian artificial intelligence bill that passed on Aug. 28.

The new legislation will compel AI firms to implement new safety protocols, including an “emergency stop” button for AI models.

The Safe and Secure Innovation for Frontier Artificial Intelligence Models Act (SB 1047) passed the California Senate 29–9 on Aug. 28.

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California AI bill aimed at preventing disasters draws ire from Silicon Valley

August 15, 2024 Coin Telegraph

Crypto VC giant a16z claims the AI legislation will “burden startups because of its arbitrary and shifting thresholds.”

A California bill requiring AI developers to put up safety protocols to stop “critical harms” against humanity has caused a stir among the Silicon Valley’s tech community.

California’s “Safe and Secure Innovation for Frontier Artificial Intelligence Models Act," also known as SB 1047, would require AI developers to implement safety protocols to prevent events such as mass casualties or major cyberattacks.

It was proposed by California Democratic legislators in February.

Legislation