Bitcoin Legislation Coming to Florida This Year
The state of Florida has an interesting relationship with Bitcoin. The sunshine state has seen many legal cases on the subject — most notably the recent Michell Espinoza trial. Amid the proceedings, lawmakers in Florida are preparing to draft legislation that may finally recognize Bitcoin as a currency. Florida’s Senate Will See a Bitcoin Bill This Year.....
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A Florida state senator is drafting legislation that could see bitcoin recognized as money in the US state. Senator Dorothy Hukill says that while in the early stages, the draft legislation will seek to balance protections for consumers and startups. The effort carries additional weight given that a Florida judge tossed out charges in a criminal case earlier this year on the grounds that bitcoin doesn't fit the state's definition of money transmission. Hukill, a Republican who represents Florida's eighth district and serves as chair of the Finance & Tax Committee, suggested that the....
It seems that Florida and bitcoin are suddenly joined at the hip. Madeira Beach has become the first municipality to accept the digital currency following a city council decision, and is hosting its Bitcoin Bowl pre-party in preparation for the real thing. Recently, however, Florida's relationship with bitcoin has encountered a glitch. Following his arrest in Miami in February of this year for selling bitcoins to an undercover agent, 29-year-old Pascal Reid has argued that Florida's state money transfer statue refers only to corporations, rather than individuals; an argument that has been....
U.S. Congressman Jim Himes says that Congress is not ready to pass cryptocurrency legislation anytime soon, citing a lack of deep understanding of cryptocurrencies among lawmakers. “There’s going to be a lot of discussion in the coming years about ways to regulate” cryptocurrencies, said the congressman. Crypto Legislation Not Expected From Congress Anytime Soon U.S. Representative Jim Himes has revealed some discussions Congress is having regarding cryptocurrency legislation in an interview with Yahoo Finance Friday. The Connecticut representative serves as the chair of....
On April 4, 2022, the Department of Justice (DOJ) and the U.S. Attorney’s Office of South Florida revealed that law enforcement seized $34 million in crypto assets from an unidentified man living in Florida. According to the DOJ, the man allegedly conducted more than 100,000 sales on darknet markets, selling online account information tied to people’s Netflix, HBO, and Uber accounts.
DOJ Seizes $34 Million in Digital Assets From Florida Resident Accused of Selling Stolen Online Information via the Deep Web
The DOJ and U.S. Attorney’s Office of South Florida....
The American politician and attorney serving as the 46th governor of Florida, Ron DeSantis, announced the state’s 2022-23 budget proposal last week and proposed an idea to let businesses pay state fees with crypto assets. The governor’s “Freedom First Budget” suggests creating a department in Florida to accept state fees in cryptocurrencies. Florida Governor’s Freedom First Budget Includes Crypto The Republican governor of Florida, Ron DeSantis seems to be keen on allowing businesses in Florida to pay for state fees in crypto assets. Florida is becoming....