The Texas Senate passes the Bitcoin Reserve Bill, New York targets Memecoin Rug Pulls: The law is decoding
The Texas Senate passed the Bitcoin Strategic Reserve Bill SB-21 on March 6. It followed a debate in which state senator Charles Schwertner, who introduced the bill, argued that it would help Texas to add an important and scarce to own its balance.
In the midst of the fear of bitcoin (Btc) Arguing against the US dollar as a global currency reserve, pro-bitcoin lawmakers have argued that Bitcoin is like gold and a fence against inflation.
If the SB-21 is carried out, Texas will be the first state in the US to have a digital asset reserve. However, the governor should still sign the bill before it becomes a law.
New York Bill aims to protect crypto investors from Memecoin Rug Pulls
New York lawmakers have introduced a bill to protect crypto users from Memecoin Rug Pulls, where insider left a project after investors bought their token. These scams usually end with token prices that are swollen, causing millions of losses to crypto investors.
On March 5, AssemblyMember Clyde Vanel introduced the law to promote criminal penalties for offenses that involve “virtual token fraud.” Its clearly targets fraudulent skills associated with crypto.
Fideum co-founder and CEO Anastasija Plotnikova told cointelegraph that scams and rug pulls should be more fully fixed. “In my view, these activities should fall firmly within the jurisdiction of law enforcement agencies,” Plotnikova added.
SEC’S CRYPTO Task Force to pose a roundtable in crypto security status
The Crypto Task Force of the US Securities and Exchange Commission will host a series of roundtables to discuss the “security status” of crypto assets, along with the first set for March 21.
Crypto Task Force Lead Commissioner Hester Peirce said he hopes to “draw public expertise” to generate a possible framework for crypto.
The Roundtable series is called “Spring Sprint to Crypto clarity,” and the first topic of the discussion is called “How we got here and how we can get out – determining security status.”
Utah’s Senate passes the Bitcoin Bill – but scrap the main provision
Lawmakers in Utah passed a Bitcoin bill after removing a section that would allow the state manager’s state to invest in Bitcoin. While the HB230 bill passed the state Senate, it removed a major reserve clause that would allow state administrators to invest in digital possession with a market cap of more than $ 500 billion.
The clause passes the second reading but is scrapeing in the third and final reading. However, the bill provides citizens with basic protection in caution, the right to the mine, running a node and stake, among other things.
The Argentine prosecutor aims to freed the property in case of Libra Memecoin fraud
Argentine federal prosecutor Eduardo Tiano, the leading prosecutor investigating Argentine president Javier Milei, allegedly role in the Libra Crypto scandal, demanding freezing nearly $ 110 million in digital assets related to Memecoin cases.
Tiano also requested the recovery of deleted Milei society posts and detailed records of all Libra transactions since its launch. The prosecutor aims to rebuild financial operations in February. 14 and 15, when the project’s trade volume sank.
