Florida Holds $800 Million In Crypto-Related Investments, Says CFO Patronis
In a recent interview with CNBC, Florida’s Chief Financial Officer, Jimmy Patronis, outlined the state’s increasing commitment to crypto investments. This comes in light of his recent directive urging pension fund managers to explore Bitcoin as a potential strategic reserve asset. ‘Crypto Is Not Going Anywhere’ During the interview, Patronis expressed confidence in the enduring […]
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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....
In a notable legal development involving crypto, Remy St. Felix, a 24-year-old from West Palm Beach, Florida, was recently convicted by a federal jury in Greensboro, North Carolina, for orchestrating a series of violent home invasions targeting crypto owners in states, including North Carolina, Florida, Texas, and New York. This case sheds light on a […]
The Republican congressman is supporting Sen. Tommy Tuberville’s Senate bill and financial services companies that want to include crypto in their 401(k) product offerings. Rep. Byron Donalds, a Florida Republican, introduced the Financial Freedom Act into the United States House of Representatives on Friday to prevent the U.S. Department of Labor from limiting the types of investments that can be included in Americans’ self-directed 401(k) retirement plans. The bill is the companion to Alabama Sen. Tommy Tuberville’s May 5 Senate bill.The Financial Freedom Act was introduced as a reaction....
Florida Governor Ron DeSantis proposed to allocate $750 million to enable a “crypto-friendly Florida.” Florida Governor Ron DeSantis has officially proposed the state government to allow businesses to pay state fees with cryptocurrencies like Bitcoin (BTC).The Republican governor announced the idea as part of his 2022–2023 budget proposal, released on Dec. 9.According to the official budget highlights, DeSantis proposed to provide $200,000 to the Department of Financial Services to offer Florida corporations the ability to “pay state fees via cryptocurrency directly to the Department of....
The Ethereum Foundation (EF) released its annual financial report earlier today, revealing substantial holdings and a commitment to transparency and long-term sustainability. Ethereum Foundation Holdings As of October 31, 2024, the EF disclosed that its treasury holds approximately $970.2 million, with $788.7 million in crypto assets and $181.5 million allocated to non-crypto investments and assets. […]