Kentucky Governor Andy Beshear has officially signed the “Bitcoin Rights” bill into law, which protects the rights of cryptocurrency users in the state. This new measure, known as House Bill 701, was designed to ensure users can self-custody their digital assets, run crypto nodes, and mine without facing discrimination. The bill received unanimous support in ...
Senator Cynthia Lummis recently stated that U.S. states may adopt Bitcoin reserves before the federal government does. Speaking at the Bitcoin Investor Week conference, she expressed optimism that a state would establish a strategic Bitcoin reserve before any federal initiative. In July 2024, Lummis proposed the BITCOIN Act, which aims for the U.S. Treasury to ...
South Dakota lawmakers have decided to postpone a vote on a bill that would have allowed the state to invest in Bitcoin, effectively ending the proposal. During a recent meeting, the House Commerce and Energy Committee voted to delay the bill to a point in the session when it can no longer be discussed. The ...
The Wyoming Highway Patrol Association (WHPA) is considering including Bitcoin in its financial plans, marking a potential first for U.S. law enforcement associations. They are collaborating with Proof of Workforce’s ‘Get Off Zero’ initiative, which aims to educate labor groups about digital assets. This partnership emphasizes Bitcoin as a long-term asset, especially in light of ...
The Texas Senate plans to hold a public hearing on February 18 to discuss creating a Bitcoin reserve, a move that analysts say may not have a significant impact unless there’s a clear investment plan announced. While this hearing is seen as a step towards Bitcoin’s recognition in institutional finance, experts warn it could be ...
The Czech Republic is implementing a new law that will exempt Bitcoin and other digital assets from capital gains tax if they are held for more than three years. This legislation, signed by President Petr Pavel, is set to take effect in mid-2025 and aligns the country’s crypto regulations with the European Union’s Markets in ...
Arizona’s Senate Finance Committee has recently approved a significant bill that allows public funds to be invested in Bitcoin and other cryptocurrencies. This legislation permits up to 10% of public funds, including those from the state treasurer and retirement systems, to be allocated towards virtual currencies. Co-sponsored by Wendy Rogers and Jeff Weninger, the bill ...
A new report from Fidelity suggests that in 2025, more governments and central banks are likely to invest in Bitcoin. While some countries already own Bitcoin, it often comes from legal seizures rather than strategic purchases. Fidelity’s Matt Hogan believes that as issues like inflation and currency devaluation grow, countries will see investing in Bitcoin ...
A new proposal in Switzerland aims to change the Constitution, requiring the Swiss National Bank to hold Bitcoin as part of its monetary reserves, alongside gold. This initiative, led by the think tank 2B4CH and Tether’s Giw Zanganeh, needs 100,000 signatures by June 30, 2026, to move forward. It follows a previous attempt in 2021 ...
Texas lawmakers have introduced a bill to create a strategic bitcoin reserve for the state, allowing the collection of taxes and donations in bitcoin. This initiative, led by Republican Representative Giovanni Capriglione, aims to strengthen Texas’ financial stability and position it as a leader in bitcoin innovation. By holding bitcoin for at least five years, ...
