The Texas Senate adopted the Bitcoin Strategic Reserve Bill on March 6. This follows a debate in which the senator of the State Charles Schwertner, who presented the bill, argued that this would help Texas add a precious and rare asset to its balance sheet.
In the midst of fears of Bitcoin (BTC) claiming against the US dollar as a global reserve currency, pro-bitcoin legislators argued that Bitcoin was similar to gold and coverage against inflation.
If SB-21 is promulgated, Texas will be the first state in the United States to have a reserve of digital assets. However, the governor must always sign the bill before he became a law.
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New York Bill aims to protect crypto investors from memecoin carpet prints
New York legislators have presented a bill to protect users from the memecoin carpet prints, where initiates abandon a project after investors bought their token. These scams are generally found with the prices of fallow tokens, resulting in millions of losses to cryptographic investors.
On March 5, the member of the Assembly Clyde Vanel presented the legislation to establish criminal sanctions for offenses which involved “virtual token fraud”. This explicitly targets the deceptive practices associated with crypto.
The co-founder and CEO of Fideum, Anastasija, Plotnikova told Cointelegraph that scams and carpet prints should be more regulated. “In my opinion, these activities should be the court of law enforcement organizations,” added Plotnikova.
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The dry crypto working group welcomes the round table on the cryptography safety statement
The Crypto Task Force of the US Securities and Exchange Commission will host a series of round tables to discuss the “security status” of cryptographic assets, with the first set for March 21.
The main commissioner of the crypto Task Force Hester Peirce said that she was impatient to “draw the public’s expertise” to develop an feasible framework for the crypto.
The round series is called the “sprint sprint towards the clarity of cryptography”, and the first subject of discussion is nicknamed “how we arrived here and how we go out – define security status”.
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The Utah Senate adopts the Bitcoin bill – but the key disposition of the keys
Utah legislators adopted a Bitcoin bill after having withdrawn a section which would have enabled its treasurer of the State to invest in Bitcoin. While the HB230 bill adopted the State Senate, it abolished a key reserve clause which would have authorized the State treasurer to invest in digital assets with a market capitalization of more than $ 500 billion.
The clause adopted the second reading but was abandoned in the third and last reading. However, the bill provides basic protections for citizens’ custody, the right to exploit, manage a node and participation, among others.
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The Argentinian prosecutor aims to freeze the assets in a case of the same for the memecoin balance
Argentinian federal prosecutor Eduardo Taiano, the principal prosecutor investigating the alleged role of Argentinian president Javier Milei in the scandal of the scale cryptography, asked for the freezing of almost $ 110 million in digital active assets linked to the same case.
Taiano has also asked for the recovery of Milei’s deleted social publications and detailed recordings of all swords since its launch. The prosecutor aims to rebuild the financial operations of February 14 and 15, when the commercial volume of the project culminated.
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