
New documents reveal that a Montana bill to use Bitcoin (BTC) as a reserve asset is heading toward the state’s House of Representatives for a vote. According to legislative tracking service LegiScan, Montana House Bill 429 – which would allow the state to invest in precious metals and digital assets – has passed a Committee […]
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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.”
“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.
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.”
“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.
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), […]
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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.