Utah One Vote Away, But Some States Fail to Break Through on Crypto Stakes

Utah One Vote Away, But Some States Fail to Break Through on Crypto Stakes

Five states’ crypto efforts faltered as Texas advances and Utah nears a final vote, leaving the state-level push for digital asset reserves with mixed results. What to know: Legislative movement in Texas and an approaching finish line in Utah have the crypto sector’s state-government observers on the edges of their seats, though the outcomes remain uncertain for any of the state bills seeking to put public money into crypto. Several states’ eff…

A Government Crypto Fund? - Clark Center Forum

“This can’t possibly be a serious question” is how Andrew Lo of MIT Sloan responded to a poll posed to the Clark Center’s Finance Expert Panel last week. Matteo Maggiori of Stanford GSB went a little further, noting, “This would strike me as one of the worst policy ideas ever”. It is then fair to say that the experts were not exactly impressed by the idea sometimes floated that the United States government should be acquiring cryptocurrency asse…

U.S. States Push for Crypto Reserves Amid Federal Uncertainty

Several U.S. states are racing to invest public funds in cryptocurrencies before the federal government establishes a strategic digital assets reserve. However, efforts in Pennsylvania, Wyoming, Montana, South Dakota, and North Dakota have failed, while Utah is close to passing a bill allowing crypto investment for up to 5% of certain public funds. Texas has also advanced a crypto reserve bill to its Senate. The push gained momentum after Presid…

Multiple US states moving toward Bitcoin as a reserve asset

The United States, especially recently, has become increasingly active in developing a legislative framework for Bitcoin and other cryptocurrencies. More and more federal states are considering introducing legislation that would allow for the creation of strategic Bitcoin reserves, indicating a growing interest in this digital asset. With the growing number of countries recognizing the importance of cryptocurrencies, it seems that BC could becom…

Which states are considering ‘Crypto Reserves’?

Many states in the US have considered bills that would enable them to create "crypto reserves," but none have passed. The post Which states are considering ‘Crypto Reserves’? appeared first on Protos.

Key points of the extreme Panic News in the market: the rate of fear and greed of cryptocurrencies has fallen to a minimum of two years of 10, marking "Extreme Fear", which has caused widespread panic as investors react to an ever deeper recession. Bitcoin under pressure: Bitcoin has fallen 25% since its peak in January, with an increase of $1.3 billion in stock exchanges deposits, indicating urgent sales. Promoting volatility: external factors …