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The Texas Senate passed the Bitcoin strategical reserve measure SB-21 connected March 6. This followed a statement successful which State Senator Charles Schwertner, who introduced the bill, argued that it would assistance Texas adhd a invaluable and scarce plus to its equilibrium sheet.
Amid fears of Bitcoin (BTC) contending against the US dollar arsenic a planetary reserve currency, Pro-Bitcoin lawmakers argued that Bitcoin was akin to golden and a hedge against inflation.
If SB-21 is enacted, Texas volition beryllium the archetypal authorities successful the US to person a integer plus reserve. However, the politician indispensable inactive motion the measure earlier it becomes law.
New York measure aims to support crypto investors from memecoin rug pulls
New York lawmakers introduced a measure to support crypto users from memecoin rug pulls, wherever insiders wantonness a task aft investors person purchased their token. These scams usually extremity up with token prices plummeting, causing millions successful losses to crypto investors.
On March 5, Assemblymember Clyde Vanel introduced the authorities to found transgression penalties for offenses that impact “virtual token fraud.” This explicitly targets deceptive practices associated with crypto.
Fideum co-founder and CEO Anastasija Plotnikova told Cointelegraph that scams and rug pulls should beryllium much thoroughly regulated. “In my view, these activities should autumn firmly wrong the jurisdiction of instrumentality enforcement agencies,” Plotnikova added.
SEC’s Crypto Task Force to big roundtable connected crypto information status
The Crypto Task Force of the US Securities and Exchange Commission volition big a bid of roundtables to sermon the “security status” of crypto assets, with the archetypal acceptable for March 21.
Crypto Task Force pb Commissioner Hester Peirce said she is looking guardant to “drawing the expertise of the public” to make a workable model for crypto.
The roundtable bid is called the “Spring Sprint Toward Crypto Clarity,” and the archetypal taxable of treatment is dubbed “How We Got Here and How We Get Out — Defining Security Status.”
Utah’s Senate passes Bitcoin measure — but scraps cardinal provision
Utah lawmakers passed a Bitcoin measure aft removing a conception that would person allowed its authorities treasurer to put successful Bitcoin. While the HB230 measure passed the authorities Senate, it removed a cardinal reserve clause that would’ve authorized the authorities treasurer to put successful integer assets with a marketplace headdress of implicit $500 billion.
The clause passed the 2nd speechmaking but was scrapped successful the 3rd and last reading. Still, the measure provides citizens basal custody protections, the close to mine, tally a node and stake, among different things.
Argentine authoritative aims to frost assets successful LIBRA memecoin fraud case
Argentine Federal Prosecutor Eduardo Taiano, the pb authoritative investigating Argentine President Javier Milei’s alleged relation successful the LIBRA crypto scandal, requested the freezing of astir $110 cardinal successful integer assets related to the memecoin case.
Taiano besides requested the betterment of Milei’s deleted societal posts and elaborate records of each LIBRA transactions since its launch. The authoritative aims to reconstruct the fiscal operations of Feb. 14 and 15, erstwhile the project’s commercialized measurement peaked.
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