Crypto Legislation Hits A Wall: 4 States’ Reserve Bills Fail To Gain Traction
In recent weeks, the momentum for state governments to establish digital assets reserves has faced significant setbacks, with legislative efforts in Montana, North Dakota, South Dakota, and Wyoming failing to pass crypto reserve bills. According to Bloomberg, the ongoing volatility associated with cryptocurrencies, particularly Bitcoin (BTC), has raised concerns among lawmakers, leading to a cautious […]
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Out of the 20 US states that proposed Bitcoin reserve bills, two just got closer to their approval. Utah leads the race–its House Bill 230 passed the House voting stage with just one out of nine votes against. Now, it’s up to the Senate Revenue and Taxation Committee to decide whether Utah will become the […]
The Cryptocurrency and Regulation of Official Digital Currency Bill doesn't appear among the bills that India's lower house will consider as it concludes the winter session. The Indian government may still be considering a bill that could ban certain cryptocurrencies in the country, but lawmakers are unlikely to vote on any legislation in the current parliamentary session.According to a Friday publication, India's lower house of parliament, Lok Sabha, will likely not be looking at a bill proposing the prohibition of “all private cryptocurrencies” before its winter session ends on Thursday.....
Bitcoin (BTC) frenzy is sweeping across the US following Donald Trump’s victory in the November presidential election, with Kentucky becoming the latest state to introduce legislation aimed at establishing a Bitcoin reserve. Kentucky Joins The Bitcoin Reserve Club Kentucky has become the 16th US state to introduce legislation seeking to create a Bitcoin reserve. Introduced […]
El Salvador has become a hotbed for bitcoin adoption in recent months. As a result, it may come as a surprise that Bitcoin has failed to gain traction in the country, according to a recent survey. Despite this, several businesses are optimistic that BTC will gain traction in the long run. El Salvador became the […]
While American citizens wait for bureaucrats to pass a new coronavirus relief package, the Federal Reserve has continued to serve corporate interests and the banking cartel. Behind the curtains from the comfort of their own mansions, members of the Fed have given more stimulus to crony Wall Street corporatists than it did in 2008. The U.S. central bank’s monthly rounds of stimulus have effortlessly surpassed the quantitative easing (QE) tactics that followed the United States’ subprime mortgage crisis. Ahead of the presidential election, the Fed is still purchasing $80 billion....