Texas lawmaker proposes bill to establish strategic Bitcoin reserve
The draft legislation suggested that Texas residents could fund the Bitcoin reserve through voluntary donations. Go to Source
Government
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Sherrod Brown’s final committee message includes a crypto warning
In likely his last committee hearing before leaving office in January, the Ohio senator suggested a looser approach to digital assets could only benefit the “corporate elite.” Go to Source
US Dems choose leadership for committees crucial to crypto policy
Republican lawmakers are also expected to choose leadership roles for Senate and House committees soon. Go to Source
Nevada adds blockchain security in wake of fake electors fiasco
The announcement’s timing is noteworthy, with the 2024 US presidential race having finished a month prior. Go to Source
Trump’s new crypto czar called OpenAI a ‘piranha for-profit company’
David Sacks’ professed views on OpenAI’s business restructuring seemingly align with Elon Musk’s. Go to Source
Crypto industry execs approve of Trump’s pick to lead SEC
Executives from Bitwise, Ripple, and Coinbase voiced their support for former SEC commissioner Paul Atkins to lead the agency after Gary Gensler’s departure. Go to Source
NYC mayor gloats about Bitcoin holdings: ‘Who’s laughing now?’
Mayor Eric Adams, who took office in 2022, announced after his election victory that he would accept his first three paychecks in Bitcoin. Go to Source
Binance, WazirX among crypto firms evading taxes in India, says gov’t
India has recovered $14 million in goods and services tax from crypto firms like WazirX, but Binance has yet to pay its $85 million tax evasion liabilities, the minister said. Go to Source
US Bitcoin reserve is possible to achieve but not without downsides
Government participation in crypto hasn’t always had great outcomes for the space, with the SEC under the Biden administration causing plenty of headaches for firms. Go to Source
Brazil proposes to ban stablecoin withdrawals to self-custodial wallets
Brazil, the second-largest market for stablecoin transactions, could be set to ban stablecoin withdrawals to self-custodial wallets like MetaMask. Go to Source
