Texas is taking a bold step in digital asset adoption, with Lieutenant Governor Dan Patrick announcing that the establishment of a Texas Bitcoin Reserve is one of the state’s top legislative priorities for 2025. Senate Bill 21, which Patrick has placed at the forefront of the 89th regular legislative session,
Texas Senator Charles Schwertner has announced the submission of Bill SB 778, proposing the establishment of the first state-level Bitcoin strategic reserve in the United States. If passed, this legislation could position Texas at the forefront of the digital economy, fostering economic growth and enhancing financial freedom. The bill likely
In a recent post on X, Consensys announced it had filed a lawsuit against the SEC in April 2024 to safeguard the Ethereum ecosystem. The Texas court dismissed the lawsuit on procedural grounds without addressing the substance of the claims against the SEC. Prompting Consensys to express concern over the
One more catastrophe occurred in the highly volatile cryptocurrency market. In a dramatic turn of events, crypto trading platform Abra and its CEO, William (Bill) Barhydt, are facing allegations of securities fraud as the Texas State Securities Board filed an emergency cease and desist order against the company. The regulator
Bitcoiners were elated by the recent breaking news that emerged in Texas. The “Don’t Mess With Texas Innovation” campaign achieved triumph as it successfully defeated Senate Bill 1751. The Texas Blockchain Council, the Satoshi Action Fund, and the Chamber of Digital Commerce led the campaign. It was launched in response
Reserves “in an amount sufficient to fulfil all obligations to customers” may soon be required by exchanges in Texas under the proposed legislation. The state Senate approved the measure on May 15. And it now only needs the governor, Greg Abbott’s signature to become law. Earlier this year, the Texas
On May 12, Texas announced that they were introducing a bill to ban the Central Bank Digital Currency (CBDC) in their state by the 88th legislature. According to the draftees, CBDC is a bad idea. A Central Bank Digital Currency is the digital form of a country’s fiat currency. CBDC
On Thursday, the Texas House Representatives passed a bill requiring crypto exchanges to provide proof of reserves. A Republican state representative, Giovanni Capliglione, filed HB 1666. The bill is expected to rebuild trust in the crypto market. And also, the bill would bring some major regulations to the crypto market.
Texas, the leading Bitcoin mining capital of the world, is just a phase away from passing the most significant anti-Bitcoin mining bill. On Tuesday, the State Committee in Austin approved the bill with zero opposition votes, moving it to the “uncontested” list. Currently, it is in the queue in the
While the International Monetary Fund (IMF) ‘warned El Salvador’ against boosting the government’s involvement with Bitcoin (BTC), the Central American country plans to open a second “Bitcoin Embassy” in Texas after establishing its first one in Lugano, Switzerland. According to a Twitter post from Milena Mayorga, El Salvador’s Ambassador to
