BlackRock's IBIT Makes First BTC Purchase in 7 Days, Solana Founder Presents 3 Major Scenarios for US Strategic Reserve, Texas Senate Passes Bitcoin Reserve Bill: Crypto News Digest by U.Today

Stay updated on all of the industry's top events with U.Today's crypto news digest!

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Texas Senate Banking Committee greenlights Bitcoin reserve bill for floor voting

The Texas Senate Banking Committee unanimously approved a bill on Feb. 27 to create a state-managed Bitcoin (BTC) and crypto reserve, sending the proposal to the full Senate for consideration. Senate Bill 21 (SB-21), introduced by State Sen.

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Texas Strategic Bitcoin reserve bill advances to Senate floor

BTC strategic reserve legislation at the state level might prompt the US government to adopt a strategic reserve at the federal level.

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Oklahoma’s Bitcoin reserve bill passes State House vote amidst BTC price crash

A Strategic Bitcoin Reserve Bill is heading towards a full vote after passing in the Oklahoma State House Committee, despite BTC’s recent drop below $90,000. According to a state document, the Strategic BTC Reserve bill has been recommended to pass…

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Second Bitcoin reserve bill introduced in Georgia, now without investment limit

Another Bitcoin reserve bill has been introduced in Georgia to allow the state treasurer to invest in Bitcoin without limits, only 10 days following the first bill’s submission. If passed, the second Bitcoin (BTC) reserve bill introduced in the state…

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Bitcoin: Could Microsoft's quantum chip affect BTC reserve plans?

Utah's Bitcoin reserve bill has progressed to the second Senate reading.  Microsoft’s quantum chip timeline of 2027-2029 could put BTC at risk sooner than expected.  As plans for a BitcoThe post Bitcoin: Could Microsoft's quantum chip affect BTC reserve plans? appeared first on AMBCrypto.

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Georgia enters the Bitcoin reserve race with state BTC treasurer bill

Georgia State Senator Greg Dolezal has introduced Senate Bill 178, which aims to permit the state treasurer to invest in Bitcoin. The bill, co-sponsored by Senators Brandon Beach and Clint Dixon, has been added to the Senate Hopper for consideration.…

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Pro: North Carolina’s Strategic Bitcoin Reserve bill a ‘big deal’

North Carolina has joined a growing list of states seeking to legalize digital currencies, but according to Dan Spuller, this effort stands apart from the rest. More than a dozen U.S. states have introduced legislation to permit holding Bitcoin (BTC)…

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Abra Global CEO foresees a 'Cyclical Valhalla' for crypto - Why?

Bill Barhydt predicted major crypto gains driven by liquidity boosts and tax cuts. Chris Burniske sees the current dip as a "mid-bull pullback," not a market peak. Despite Bitcoin [BTC] faciThe post Abra Global CEO foresees a 'Cyclical Valhalla' for crypto - Why? appeared first on AMBCrypto.

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Bitcoin OG sees $700K BTC price, $16K Ethereum in this ‘Valhalla’ cycle

Bitcoin at $350,000 and an $8,000 Ether price are "base cases" for Abra's Bill Barhydt.

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South Dakota lawmaker proposes two Bitcoin Reserve bills, eyes 10% state fund allocation

South Dakota Representative Logan Manhart made two new legislative proposals on Jan. 30 aimed at incorporating Bitcoin (BTC) into the state’s investment strategy.   House Bill 1202 (HB 1202) would allow the state to allocate 10% of its public funds to Bitcoin.

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South Dakota and Kentucky lawmakers to propose Bitcoin reserve legislation

Lawmakers in Kentucky and South Dakota are preparing to introduce legislation to establish a Bitcoin (BTC) reserve in the next few weeks, according to statements made on Jan. 28. South Dakota Representative Logan Manhart announced that he will introduce a bill in the South Dakota House to create a strategic Bitcoin reserve.

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Wyoming and Massachusetts introduce legislation to allow state investments in Bitcoin

Lawmakers in Wyoming and Massachusetts have recently introduced bills to authorize state investments in Bitcoin (BTC), bringing the total number of US states with such proposals to eight. In Wyoming, Representative Jacob Wasserburger introduced House Bill 201, titled “State Funds-Investment in Bitcoin,” proposing that the state allocate up to 3% of its public funds to […] The post Wyoming and Massachusetts introduce legislation to allow state investments in Bitcoin appeared first on CryptoSlate.

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Oklahoma introduces strategic Bitcoin reserve act

Oklahoma joins Texas, Pennsylvania, Ohio, New Hampshire and North Dakota in having Bitcoin reserve proposals. State savings accounts and pension funds will have the nod to invest in BTC if the bill passes.

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New Hampshire, North Dakota introduce bills for Strategic Bitcoin Reserve

According to Satoshi Action Fund CEO Dennis Porter, the North Dakota BTC bill “already has 11 sponsors.”

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Bitcoin strategic reserve bill filed: technicals reveal next BTC target

Bitcoin looks poised for significant gains in the coming year after Giovanni Capriglione – a member of the Texas House of Representatives filed a bill to set up a Strategic Bitcoin Reserve. Bitcoin looks poised for significant gains in the coming year after Giovanni Capriglione – a member of the Texas House of Representatives filed a bill to set up a Strategic Bitcoin Reserve.

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Ohio lawmaker introduces Bitcoin reserve bill allowing state to buy BTC

Ohio has become the third US state behind Texas and Pennsylvania to see bills introduced to establish Bitcoin reserves as part of the state’s treasury.

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Trump’s BTC reserve plan would be a ‘bad deal‘ — Ex-NY Fed president

Bill Dudley joined others in suggesting the only purpose of a US government Bitcoin reserve would be to reward Trump’s crypto supporters.

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‘Hardly money’: Former NY Fed chief blasts Trump’s Bitcoin reserve

Bill Dudley, the former chief of the New York Fed, warned against holding Bitcoin as a reserve and urged a focus on regulation. Dudley criticized a proposed federal Bitcoin (BTC) reserve championed by Donald Trump during his presidential campaign. In…

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Bitcoin reserve bill introduced in Brazil

Bitcoin adoption could get another boost from Brazil. This is after a Brazilian Congressman introduced a bill proposing adoption of BTC as national reserve asset. US lawmakers are also pushing for a Bitcoin strategic reserve.

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Bitcoin mining profits in Russia to face new 15% tax rules, officials say

The Russian government has greenlit draft amendments to a bill aimed at taxing crypto mining and transactions. Russia is moving forward with a draft amendment to its Bitcoin (BTC) mining legislation, introducing new tax rules for crypto mining, transactions, and…

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Senator Lummis files ‘Bitcoin Act of 2024’ bill proposing a US strategic BTC reserve

Interest in Lummis's Bitcoin Act of 2024 grows amid Trump's victory and Bitcoins all-time high, highlighting its potential impact on US finance. The post Senator Lummis files ‘Bitcoin Act of 2024’ bill proposing a US strategic BTC reserve appeared first on Crypto Briefing.

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BTC reserve is closer than ever: Senator to push the bill in Trump’s first 100 days

The Senate hopes to push through a Bitcoin reserve bill in the first 100 days of Trump’s presidency while the Republicans consult on crypto policy. American Senator Cynthia Lummis expressed optimism that plans to create a strategic Bitcoin (BTC) reserve…

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Critical US swing state passes ‘Bitcoin Rights’ bill to protect BTC holders

The Pennsylvania House of Representatives passed a bipartisan bill on Oct. 24 aimed at providing regulatory clarity for digital assets, marking a significant development in state-level efforts to address crypto regulation.

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Ohio senator introduces bill to legalize Bitcoin, crypto payments for state taxes, fees

Ohio State Senator Niraj Antani introduced legislation aiming to legalize Bitcoin (BTC) and other crypto payments for taxes and fees in the state of Ohio and its local political subdivisions. The bill — introduced on Sept.

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Crypto Victory In The UK? New Legislation Targets Legal Framework For Bitcoin And NFTs

In a move that could lead to a new era of digital asset ownership, the UK government has unveiled a new bill that aims to solidify cryptocurrencies such as Bitcoin (BTC), non-fungible tokens (NFTs), and tokenized assets as personal property.

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Michael Saylor explains his bullish view on BTC: Does the same apply to Poodlana?

The ongoing weakness in Bitcoin is far from sufficient for Michael Saylor to turn any less bullish on what the future holds for the world’s largest cryptocurrency by market cap. Part of his optimism stems from a strategic Bitcoin reserve bill that Senator Cynthia Lummis presented last week.

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Michael Saylor equates Lummis' BTC bill to 'Louisiana Purchase' - Why?

Saylor likens Lummis' Bitcoin bill to a "Louisiana Purchase moment" for U.S. crypto adoption. Despite Bitcoin's downturn, Saylor predicts potential long-term gains of up to $49 million per coinThe post Michael Saylor equates Lummis' BTC bill to 'Louisiana Purchase' - Why? appeared first on AMBCrypto.

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Bitcoin bill gains support, thousands push US senators to back it

U. S. citizens are backing a bill to create a Strategic Bitcoin Reserve following remarks from former President Donald Trump and Wyoming Senator Cynthia Lummis. According to Bitcoin (BTC) proponent Dennis Porter, nearly 3,000 U.

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Ex-senior White House exec: Bitcoin reserve bill could be a ‘disaster in the making’

As Senator Lummis pushes for Bitcoin to stabilize the U.S. dollar, Moe Vela warns of the risks. Read on. During the Bitcoin 2024 conference in Nashville on July 27, US Senator Cynthia Lummis proposed that the U.S. government consider Bitcoin (BTC)…

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Senator Lummis introduces BITCOIN bill, but don't get excited just yet

Senator Lummis officially introduced a bill to establish a U.S. strategic BTC reserve.  The fate of the bill remains unknown, as analyst claimed low odds of passing the U.S. Senate.  US seThe post Senator Lummis introduces BITCOIN bill, but don't get excited just yet appeared first on AMBCrypto.

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Lummis introduces legislation to establish 1 million Bitcoin strategic reserve for the US

Senator Cynthia Lummis introduced new legislation that aims to establish a Bitcoin strategic reserve for the US totaling at least 1 million BTC — 5% of the total supply. Lummis announced the new bill at the Bitcoin2024 conference on July 27 following former President Donald J.

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Bitcoin For Uncle Sam? Lawmaker Wants You To Pay Taxes In Crypto

Florida Congressman Matt Gaetz has ignited a fresh debate on the intersection of cryptocurrency and traditional finance. This week, Gaetz introduced a bill proposing Bitcoin (BTC) as a legitimate payment method for federal income taxes in the United States.

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Americans Could Use Bitcoin To Pay Federal Income Taxes If This New Bill Becomes Law

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US Congressman introduces bill to allow IRS accept Bitcoin for tax payments

US Congressman Matt Gaetz has introduced legislation that would require the IRS to accept tax paid with Bitcoin. If enacted into law, American taxpayers will have the option to pay taxes in BTC. US Representative Matt Gaetz (R-FL),has introduced a new bill that could see Americans pay their income tax with Bitcoin.

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Bitcoin Rights Secured In Louisiana: New Bill Protects BTC And Shuns CBDCs

Bitcoin, the leading cryptocurrency asset in the financial sector, is set to garner more recognition as the state of Louisiana has enacted a historic law that will safeguard BTC access while outlawing the use of Central Bank Digital Currencies (CBDCs).

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Crypto Analyst Predicts XRP At $0.75 In July Despite Year-Long Slump

In a stark contrast to the performance of the broader crypto market, XRP continues to face significant challenges, according to statements from pro-XRP lawyer Bill Morgan. Despite a discouraging decline in the value of the crypto asset relative to Bitcoin (BTC) and 88% of the top 100 cryptocurrencies, Morgan maintains a bullish outlook on the asset.

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J.P Morgan, Wells Fargo hold Bitcoin now: Why are they interested in BTC?

Banks shift to Bitcoin investments, signaling changing views. US House passes bill easing SEC guidelines, showing crypto acceptance. In a new Form F13 filing, J. P. Morgan revealed an investmThe post J.

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Are Bitcoin (BTC) Whales Targeted With 1% Wealth Tax?

Bitcoin (BTC) community spooked with fake 1% wealth tax bill

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“Maybe I Should Buy Some Bitcoin” Asserts Billionaire Bill AckmanAs BTC Nears $70,000

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Inordinately high — Bitcoin Ordinals send BTC transaction fees to new 5-month peak

Bitcoin users attempting to send on-chain BTC transactions are footing the bill for a fresh surge in Ordinals.

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Crypto Market Forecast: Week of September 25th 2023

A curated weekly summary of forward-focused crypto news that matters. This week, an anti-CBDC bill passed through the US House Financial Services Committee, an anti-Bitcoin Senator is charged with bribery, and onchain data suggests most short-term BTC holders are stuck with unrealized losses.

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Менеджер продуктового магазина в США украла наличные для покупки BTC

Полиция в Джонсборо, штат Арканзас, арестовала сотрудницу супермаркета Bill's Cost Supermarket за кражу наличных для покупки первой криптовалюты.

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El Salvador’s Bitcoin Bill Is Now Two Years Old, How Has The Country Fared Since Then?

On June 5, 2021, El Salvador made waves across the financial space when its bill to make Bitcoin a legal tender in the country was first made public. Since then, the North American country has gone on to completely implement BTC as a legal tender in the country, as well as invest a significant amount […]

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Crypto Market Forecast: Week of May 8th 2023

A curated weekly summary of forward-focused crypto news that matters. This week, Binance closes BTC withdrawals citing congestion, Montana signs a new bill to establish cryptocurrency friendliness, and Americans are worried about the safety of their money stored in banks.

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Arkansas embraces bitcoin mining regulation

Arkansas has recently passed the Arkansas Data Centers Act of 2023, a bill to regulate bitcoin (BTC) mining within the state.  The legislation, now awaiting the governor’s approval, aims to create guidelines for miners, protect them from discriminatory regulations and…

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Bitcoin: Here's why this update could make a difference in the current state of BTC

New Arkansas bill seeks to protect miner interests especially from government overreach. BTC miners incentived to sell some of their holdings as the market slows down. Not so long ago, U.

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Anti-Bitcoin mining bill gets unanimous approval from Texas Senate committee

The Texas Senate Committee passed the anti-Bitcoin (BTC) mining bill on April 4, according to Satoshi Act Fund’s founder Dennis Porter. The post Anti-Bitcoin mining bill gets unanimous approval from Texas Senate committee appeared first on CryptoSlate.

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Texas House Introduces Bill To Boost Local Bitcoin Economy And Protect Rights Of Individual BTC Ownership

A new bill introduced in the Texas House could set the state up to be the nucleus of Bitcoin development in the United States.

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