News list for "Texas"
Dennis Porter, co-founder of the Satoshi Action Fund, wrote on X that the governor of Texas, Greg Abbott, shared an article on X titled "Texas Pushes for Strategic Bitcoin Reserve: State Finance Enters a New Era". The article praised the Strategic Bitcoin Reserve (SBR) and called the governor a "strong supporter of cryptocurrencies". Greg Abbott will definitely sign the SBR into law. Previously, it was reported that Texas passed the Strategic Bitcoin Reserve Act SB21, with 101 votes in favor and...
According to Bitcoin Magazine, Texas Senate Bill SB 21 will have its second reading in the state House today (May 20). The bill, introduced by Senator Schwertner and others, and sponsored by Representative Capriglione, aims to establish and manage the Texas Strategic Bitcoin Reserve. The core content of the bill includes investing in cryptocurrencies and authorizing the state comptroller to invest in the reserve and other state-specific funds.
Dennis Porter, co-founder of the Satoshi Action Fund, said the Texas Strategic Bitcoin Reserve Bill SB21 will go to its second reading on May 20, a key process before a final vote. If it does not pass the House before the June 2 recess, the bill will lapse and will need to be reintroduced at the next meeting. Previously, the bill was passed by the House committee.
U.S. natural gas futures extended their gains, rising as much as 5 percent as demand increased from the resumption of a liquefied natural gas export plant in Freeport, Texas, while natural gas production declined.
The US District Court for the Western District of Texas has ruled that the Treasury Department's Office of Foreign Assets Control (OFAC) sanctions against Tornado Cash were illegal and permanently banned it from imposing sanctions on the mixer, marking the end of a two-year legal battle in favour of the privacy parties. Court documents show that while OFAC had voluntarily removed Tornado Cash from the sanctions list in March 2024, Judge Robert Pitman noted its intention to retain future re-sanct...
According to Bitcoin Laws, the Texas House Committee on Government Efficiency Delivery has just held a public hearing on the Bitcoin Reserve Bill SB 21. The bill's current status is "pending," which means the committee's final vote has not yet taken place.
According to Cointelegraph, the Texas House of Representatives will hold a public hearing on the Bitcoin Strategic Reserve and Investment Act on April 23.
Texas House Democrats have introduced a bill that would authorize the state government to invest up to $250 million in bitcoin and up to $10 million per city and county.
Trump Media Technology Group, the operator of Truth Social, said on Monday that it would be the first stock to list on the Texas division of the New York Stock Exchange under the same symbol. The company said its primary listing venue would remain on the Nasdaq, more than a month after the New York Stock Exchange unveiled plans to open an exchange in Texas.
According to Galaxy Digital's financial report, the company plans to reduce bitcoin mining production in the coming quarters and transform its data center in Texas into an AI and high-performance computing (HPC) facility. This transformation is based on a 15-year escrow agreement with CoreWeave.
A Texas district judge has said that influencer Logan Paul should be allowed to proceed with a lawsuit accusing a YouTuber called "Coffeezilla" of making defamatory remarks about Paul's failed CryptoZoo project. In a report filed in federal court in San Antonio on March 26, Magistrate Judge Henry Bemporad recommended that the federal judge overseeing the case, Orlando Garcia, dismiss Stephen Findison.
A federal judge in Texas ruled in absentia against Bancor DAO (which operates decentralized financial platform Bancor) after it failed to respond to an online subpoena. Judge Robert Pitman did not appear to defend himself after Bancor DAO issued a subpoena on the DAO forum in January 2024, so the ruling was made. "District Court Clerk Philip Delvin wrote on March 13:" Defendant Bancor DA...
Texas Congressman Ron Reynolds has introduced a new bill that would recommend that state treasurers should not use the Economic Stabilization Fund to invest more than $250 million in bitcoin or other crypto assets. Additionally, Texas cities or counties should not invest more than $10 million in cryptocurrencies. The proposal follows the passage of SB 21 by the Texas Senate last week, which aims to establish the Texas Bitcoin Strategic Reserve with no purchase cap.
Texas has introduced another Bitcoin Reserve Act (HB 4258), which allows the state comptroller to invest no more than $250 million of the balance of the Economic Stabilization Fund in Bitcoin or other cryptocurrencies, and allows local governments (such as municipalities or counties) to invest no more than $10 million of their funds in Bitcoin or other cryptocurrencies. The act will take effect on September 1, 2025.
The Texas Senate has just passed Senate Bill 21 (SB-21), which is a major step towards incorporating digital assets into the nation's financial system. The Texas Senate voted 25-5 to approve the Texas Bitcoin Reserve Act, which allows the state to invest public funds in bitcoin and other digital assets. According to SB-21, the Comptroller of Texas will manage bitcoin transactions.
