Chain News Daily Today TheBitTimes.com

Texas’ Strategic Bitcoin Reserve legislation bill SB 21 officially passed today in the state’s senate committee. The senate was the last step for the Bitcoin bill to become official in the state of Texas. JUST IN: Bitcoin Reserve Bill SB21 passes in the Texas Senate. pic.twitter.com/KStfFXUvQV — Watcher.Guru (@WatcherGuru) March 6, 2025 SB-21 outlines a comprehensive framework for the establishment and administration of the Texas Strategic Bitcoin Reserve. The reserve is to be constituted as a special fund outside the state treasury, granting it greater autonomy and flexibility in investment strategies. The fund’s composition includes legislative appropriations, dedicated revenues, purchased cryptocurrencies, investment earnings, and donations. Notably, any cryptocurrency acquired must have an average market capitalization of at least $500 billion over the preceding 12 months, ensuring the reserve’s focus on established digital assets. The Texas Strategic Bitco...

Paving the way for digital securities legislation, the UK partners with finance and tech sectors. Pullix, a hybrid exchange, introduces PLX token, “Trade-to-Earn” concept, and a diverse ecosystem. Pullix’s ecosystem includes off-chain order book, lending protocol, and VaultX. In a significant move toward embracing the burgeoning crypto landscape, the UK government has announced plans to partner with financial and tech sectors to establish legislation for digital securities. Concurrently, Pullix, an emerging player in the crypto space, is making waves with its unique approach and ongoing presale. This article delves into the details of the UK’s crypto-friendly initiatives and sheds light on Pullix’s innovative features and tokenomics. UK government’s push for digital securities legislation The United Kingdom, under the leadership of Prime Minister Rishi Sunak, is positioning itself as a hub for the crypto industry. A key d...

Furthermore, the act aims to explicitly forbid U.S. government officials from engaging in transactions with iFinex, the parent company of USDT issuer Tether. U.S. Representatives Zach Nunn and Abigail Spanberger have jointly introduced the Creating Legal Accountability for Rogue Innovators and Technology (CLARITY) Act. The legislation aims to prohibit federal government officials from conducting business with Chinese blockchain companies. The Act would ban government employees from using the underlying networks of Chinese blockchain or cryptocurrency trading platforms. Furthermore, it would explicitly forbid U.S. government officials from engaging in transactions with iFinex, the parent company of USDT issuer Tether. In addition to iFinex, the CLARITY Act would prohibit officials from conducting transactions with The Spartan Network, The Conflux Network, and Red Date Technology. In a statement on Wednesday, the lawmakers said that the legislation, if passed, would ensure the natio...

King Charles has given his official sanction to the UK’s Financial Services and Markets Bill, setting the stage for increased supervision of cryptocurrencies and stablecoins. British legislation facilitating oversight of crypto currency and stablecoins received official approval from King Charles. The sanction, which is seen as a formalized procedure following a consensus among legislators, now effectively converts the Financial Services and Markets Bill into an Act. This key action incorporates provisions to bring cryptocurrencies and stablecoins under regulatory purview. The legislation had previously received approval from the House of Lords just last week. BREAKING NEWS UK passes bill to recognize #crypto as regulated financial activity in the country. King Charles approved it. pic.twitter.com/zCezhLkSXV — L'Ord (@LordOrdinal) June 29, 2023 The new Act “provides us with the ability to manage our own financial services regulations,” said Financia...