Finance Redefined: DeFi protocols lost $1.6B, EU to rethink DeFi approach, and more

The week in DeFi saw European lawmakers write a new chapter on DeFi, a Virginia county plan to put its pension fund in a DeFi yield, DeFi protocols lose $1.6 billion to exploits, and more

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Virginia Senate Votes to Support New Bill by Permitting Banks to Offer Crypto Custody Services

Based on the unanimous vote from the Virginia Senate, the proposed bill amendment introduced on January 22 this year by Delegate Christopher T. Head sought to allow eligible banks to offer cryptocurrency custody services. (Read More)

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US Virginia Senate allows state banks to offer crypto custody services

Delegate Christopher T. Head introduced the bill (House Bill No. 263) back in January 2022, seeking an amendment to allow eligible banks to offer crypto custody services.

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West Virginia Lawmaker Proposes Groundbreaking Digital Asset Reserve Bill

West Virginia Embraces Digital Asset Allocation Legislation West Virginia lawmakers have passed a new bill aimed at promoting the adoption of digital asset allocation in the state. The legislation seeks to create a framework for digital asset ownership and investment, paving the way for increased participation in the digital economy. The bill emphasizes the importance [...]

The post West Virginia Lawmaker Proposes Groundbreaking Digital Asset Reserve Bill appeared first on Crypto Breaking News.

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