The departure of David Sacks from his role as the US government’s artificial intelligence (AI) and crypto czar has drawn scrutiny across the sector, as several market commentators pointed to the absence of concrete regulatory outcomes during his tenure. Sacks served for 130 days under the Special Government Employee limit, the maximum duration permitted for […]
Connecticut has made a bold move to distance itself from government cryptocurrency involvement by unanimously passing House Bill 7082, now known as Public Act No. 25-66. This marks the country’s most expansive state-level prohibition on crypto-related government activity. Connecticut Shuts Door on State-Backed Crypto Projects The new law bars all state and municipal bodies from […]
Two bills, which aim to establish digital asset reserves in Arizona, cleared the state’s House Rules Committee on March 24th and have now advanced to the House floor for a full vote. The proposed legislation includes the Strategic Digital Assets Reserve Bill (SB 1373) and the Arizona Strategic Bitcoin Reserve Act (SB 1025), which is […]
Recently, both North Carolina and Minnesota have introduced legislation aimed at expanding Bitcoin adoption amidst a growing trend among US states to explore cryptocurrency reserves. In North Carolina, the State Senate has passed SB327, a bill that authorizes the State Treasurer to allocate up to 10% of its public funds into Bitcoin. North Carolina, Minnesota […]