US legislator reintroduces Central Bank Digital Currency bill following Trump executive order prohibiting digital dollar

Rep. Tom Emmer has introduced a bill to Congress calling for the issuance of a central bank digital currency (CBDC), following an executive order signed by former President Donald Trump. Emmer’s proposed legislation comes in response to Trump’s directive to explore the development of a digital dollar. The lawmaker emphasized the need for the United [...]

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Texas Legislator Proposes Limiting States Bitcoin Purchases to $250 Million

Texas is taking steps towards recognizing Bitcoin as a reserve asset. A recent legislative proposal aims to create a framework for the establishment of Bitcoin reserves by banks and financial institutions in the state. This move could potentially boost the adoption and acceptance of cryptocurrencies in the traditional financial sector. The bill, introduced by Texas [...]

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House Bill Regulatons: Can Stablecoin Issuers Survive the Proposed Bill?

The House Financial Services Committee unveils stablecoin legislation with bipartisan support, proposing regulations for issuers like Circle and Tether.

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HK legislator's company will attract 1,000 Web3 startups in three years.

Hong Kong legislative council member Jonny Ng Kit-Chong created a startup accelerator to lure 1,000 Web3 enterprises to the city-state. The engineer and politician owns over 40 enterprises. Hong Kong's government is pushing G-crypto Rocket's hub proposal. (Read More)

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South Korean Regulators to Harden Punishments for Crypto Fraud Practices

South Korean legislature is mulling plans to tighten its grip on crypto fraud practices (Read More)

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South Dakota legislators successfully block Bitcoin bill proposal

The South Dakota Bitcoin Reserve Bill has been postponed for further review and discussion. This bill, which aims to create a reserve for the cryptocurrency Bitcoin, has sparked debate and interest within the state’s legislative body. Supporters of the bill argue that establishing a Bitcoin reserve would provide a hedge against inflation and economic uncertainty. [...]

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