A Republican-led effort to establish Texas’ first state-backed Bitcoin reserve has cleared a major legislative hurdle and now awaits a full House vote. If passed, the bill will head to Governor Greg Abbott’s desk for final approval. Senate Bill 21 (SB 21), which proposes the creation of a “Texas Strategic ...
Texas lawmakers have introduced a second Bitcoin reserve bill that would authorize the Comptroller to invest up to 250 million naira in Bitcoin or other cryptocurrencies. A document published on the Texas state government website on March 11 revealed the introduction of House Bill 4258. This follows Senate Bill 778, ...
A Montana man has been convicted of conspiring to launder over $2.4 million through cryptocurrency, according to a statement from the U.S. Department of Justice on February 27. Randall V. Rule, 73, formerly of Kalispell, Montana, was found guilty on all charges following a three-day trial before U.S. District Judge ...
Ripple Labs had obtained money transmitter licenses in Texas and New York, marking a significant step forward in its operations in the United States. In its announcement on January 27, the blockchain firm noted that it recorded a “strong demand for real-time global payments from banks and crypto businesses” in ...
Texas Senator Charles Schwertner has proposed Senate Bill 778 (SB 778) to establish a Strategic Bitcoin Reserve, positioning the state as a leader in economic growth and financial freedom. If approved, Texas would become the first state in the U.S. to adopt this initiative, allowing it to acquire and hold ...
David Fischer, the plant manager of a Marathon Digital mining site near Granbury, Texas, has been acquitted of 12 noise violation charges by a Texas jury. The charges were brought against him by local residents who claimed that the noise generated by the cooling systems used in Bitcoin mining operations ...
Texas has taken a significant step towards implementing legislation that would require cryptocurrency exchanges to maintain reserves sufficient to fulfill customer obligations. The bill, known as State Bill 1666, has passed the Senate and awaits the signature of the state governor to become law. The legislation, which amends the Texas ...
Lawmakers in the Texas House of Representatives have approved a new amendment to the state's Bill of Rights that protects individuals' freedom to own, hold, and use digital currencies. The decision was made on May 3, 2023, with an overwhelming majority of 139 votes in favor and only two against. ...
