HB 2324 heads to the governor’s desk after House vote, establishing a U.S. first: a state-run Bitcoin reserve funded entirely by forfeited digital assets The Arizona House of Representatives passed House Bill 2324 on Tuesday, approving legislation to create the first Bitcoin reserve in the United States funded solely through seized digital assets. The 34–22 […]
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Arizona's move to establish a state-managed crypto reserve could set a precedent for integrating digital assets into public financial systems.
The post Arizona Bitcoin Reserve bill HB2324 passes House, heads to Governor Hobbs for signature appeared first on Crypto Briefing.
If signed into law by Governor Hobbs, HB 2324 would become the state's second piece of legislation establishing a crypto reserve.
The potential passage of these bills could significantly shape the regulatory landscape for digital assets, impacting innovation and market dynamics.
The post Majority Whip Tom Emmer says House will vote on GENIUS stablecoin bill if paired with CLARITY Act appeared first on Crypto Briefing.
Representatives from multiple universities met with the US Securities and Exchange Commission’s (SEC) Crypto Task Force on June 23 to discuss a staking rulebook. The meeting included representatives from the University of California, Berkeley School of Law, Georgetown University Law Center, the University of Chicago Law School, and venture firm Placeholder. According to the logs, […]
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The Senate Banking Committee released a seven-point framework for digital asset market structure and heard testimony urging Congress to translate those principles into statute without delay on June 23. Committee Chair Tim Scott and Senators Cynthia Lummis, Thom Tillis, and Bill Hagerty set out a plan that draws a statutory line between digital asset securities […]
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Federal Reserve Chair Jerome Powell reaffirmed that the central bank does not object to U.S. banks providing services to cryptocurrency companies or participating in crypto-related activities, so long as they follow established risk management and consumer protection standards. Powell made the statement during his semiannual monetary policy report testimony before the House Financial Services Committee […]
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The BIS sees "transformative" potential in the tokenization of central bank reserves, commercial bank money, and other traditional assets.
The FHFA's Director Bill Pulte said the regulator will study the usage of crypto in the mortgage qualification process.
South Korea has taken on local currency-based stablecoins as a major national task, while some experts raised red flags about the initiative.
The Federal Reserve Board on June 23 removed reputational risk from its bank supervision program, ordering staff to strike the term from examination manuals and to concentrate on measurable financial exposures. The Fed move positions the central bank alongside the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency, which […]
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Texas Governor Greg Abbott signed the “Bitcoin Reserve Bill” SB 21 into law on June 21, allowing the state to invest an unlimited amount of money from the state’s fund into Bitcoin (BTC). SB 21 creates the Texas Strategic Bitcoin Reserve and lets the Comptroller buy BTC so long as the asset’s market cap exceeds […]
The post Texas could potentially invest up to $2.1B in Bitcoin if it allocates 10% of its treasury fund appeared first on CryptoSlate.
As the Senate shifts from stablecoins to market structure, Trump's digital assets businesses remain in the spotlight, drawing a new bill from Senator Schiff.
The Federal Reserve joins national banking regulators OCC and FDIC in ending reputational risk examinations for banks.
Texas is now legally empowered to build its own Bitcoin reserve funded with taxpayer dollars before the federal government takes any comparable action. Governor Greg Abbott on Saturday signed Senate Bill 21, a law that explicitly allows the state to buy and hold Bitcoin and other top-tier cryptocurrencies. The measure passed the Texas House and […]
The post Texas to buy Bitcoin for state reserves long before Trump’s Bitcoin reserve delivers appeared first on CryptoSlate.
Coinbase has obtained a license in Luxembourg, which allows it to offer crypto services across 27 EU member states.
Paul Chan, Hong Kong's financial secretary, said the city's upcoming stablecoin licensing regime is set to take effect on August 1.
The increased likelihood of crypto ETF approvals could significantly boost market legitimacy and attract institutional investment.
The post XRP joins Solana and Litecoin in top ETF approval tier appeared first on Crypto Briefing.
Coinbase, the largest US-based exchange, has taken a major step in its global expansion by securing approval under the European Union’s Markets in Crypto-Assets (MiCA) regulation, according to a June 20 statement. The exchange confirmed that Luxembourg’s financial watchdog, the Commission de Surveillance du Secteur Financier (CSSF), granted it the necessary license to operate across the […]
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Norway is reportedly planning to introduce a temporary ban on the development of new data centres linked to crypto mining, Reuters reported on June 20. According to the report, the government is expected to implement the restrictions before the end of the year, citing environmental and energy concerns. The government says the aim is to […]
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Coinbase's MiCA license enhances EU crypto market integration, boosting institutional trust and potentially accelerating regional blockchain innovation.
The post Coinbase secures MiCA license, unlocks access to all 27 EU countries appeared first on Crypto Briefing.
The group is considering Aptos, Arbitrum, Avalanche, Base, Ethereum, Optimism, Polygon, Sei, Solana, Stellar, and Sui as possible candidates.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
When Ripple unveiled its four-point policy blueprint in London this week, the message was unmistakable: if the UK wants to lead in crypto, the time to act is now. Unfolding against a backdrop of draft legislation and shifting global regulatory alignments, the move signals Ripple’s intent to turn Britain into the world’s next blockchain capital […]
The post Why Ripple thinks London can become the main crypto powerhouse in the west appeared first on CryptoSlate.
Norway's restrictions on Bitcoin mining highlight the tension between energy-intensive industries and sustainable energy priorities.
The post Norway to impose temporary restrictions on Bitcoin mining to save electricity appeared first on Crypto Briefing.
Arizona lawmakers are revisiting a previously rejected bill that would allow the state to manage a reserve fund built from seized cryptocurrencies. House Bill 2324 failed in an earlier House vote but is back in motion following a narrow 16–14 Senate decision on June 19. This decision returns the bill to the Arizona House for […]
The post Arizona revives bid for seized crypto reserve fund through House Bill 2324 appeared first on CryptoSlate.
The Thai SEC has two revisions to its crypto listing criteria on exchanges, one of which would allow them to offer exchange tokens.
The bill, dubbed HB 2324, passed the Senate in a 16-14 vote, moving it to the House for further consideration.
South Korea's FSC said it would prepare an implementation plan for local cryptocurrency ETFs in the second half of 2025.
The low compliance rate among crypto miners in Russia highlights challenges in enforcing regulations, potentially impacting energy policies and economic oversight.
The post Only 30% of crypto miners comply with Russia’s new rules, finance ministry official says appeared first on Crypto Briefing.