{"id":124784,"date":"2025-03-10T19:18:40","date_gmt":"2025-03-10T19:18:40","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=124784"},"modified":"2025-03-10T19:18:40","modified_gmt":"2025-03-10T19:18:40","slug":"texas-senate-passes-bitcoin-reserve-bill-new-york-targets-memecoin-rug-pulls-law-decoded","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=124784","title":{"rendered":"Texas Senate passes Bitcoin reserve bill, New York targets memecoin rug pulls: Law Decoded"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsThe Texas Senate passed the Bitcoin strategic reserve bill SB-21 on March 6. This followed a debate in which State Senator Charles Schwertner, who introduced the bill, argued that it would help Texas add a valuable and scarce asset to its balance sheet.\u00a0<br \/>\nAmid fears of Bitcoin (BTC) contending against the US dollar as a global reserve currency, Pro-Bitcoin lawmakers argued that Bitcoin was similar to gold and a hedge against inflation.\u00a0<br \/>\nIf SB-21 is enacted, Texas will be the first state in the US to have a digital asset reserve. However, the governor must still sign the bill before it becomes law.\u00a0<br \/>\nContinue reading<br \/>\nNew York bill aims to protect crypto investors from memecoin rug pulls<br \/>\nNew York lawmakers introduced a bill to protect crypto users from memecoin rug pulls, where insiders abandon a project after investors have purchased their token. These scams usually end up with token prices plummeting, causing millions in losses to crypto investors.\u00a0<br \/>\nOn March 5, Assemblymember Clyde Vanel introduced the legislation to establish criminal penalties for offenses that involve \u201cvirtual token fraud.\u201d This explicitly targets deceptive practices associated with crypto.\u00a0<br \/>\nFideum co-founder and CEO Anastasija Plotnikova told Cointelegraph that scams and rug pulls should be more thoroughly regulated. \u201cIn my view, these activities should fall firmly within the jurisdiction of law enforcement agencies,\u201d Plotnikova added.<br \/>\nContinue reading<br \/>\nSEC\u2019s Crypto Task Force to host roundtable on crypto security status<br \/>\nThe Crypto Task Force of the US Securities and Exchange Commission will host a series of roundtables to discuss the \u201csecurity status\u201d of crypto assets, with the first set for March 21.\u00a0<br \/>\nCrypto Task Force lead Commissioner Hester Peirce said she is looking forward to \u201cdrawing the expertise of the public\u201d to develop a workable framework for crypto.\u00a0<br \/>\nThe roundtable series is called the \u201cSpring Sprint Toward Crypto Clarity,\u201d and the first topic of discussion is dubbed \u201cHow We Got Here and How We Get Out \u2014 Defining Security Status.\u201d\u00a0<br \/>\nContinue reading<br \/>\nUtah\u2019s Senate passes Bitcoin bill \u2014 but scraps key provision<br \/>\nUtah lawmakers passed a Bitcoin bill after removing a section that would have allowed its state treasurer to invest in Bitcoin. While the HB230 bill passed the state Senate, it removed a key reserve clause that would\u2019ve authorized the state treasurer to invest in digital assets with a market cap of over $500 billion.<br \/>\nThe clause passed the second reading but was scrapped in the third and final reading. Still, the bill provides citizens basic custody protections, the right to mine, run a node and stake, among other things.\u00a0\u00a0\u00a0<br \/>\nContinue reading<br \/>\nArgentine prosecutor aims to freeze assets in LIBRA memecoin fraud case<br \/>\nArgentine Federal Prosecutor Eduardo Taiano, the lead prosecutor investigating Argentine President Javier Milei\u2019s alleged role in the LIBRA crypto scandal, requested the freezing of almost $110 million in digital assets related to the memecoin case.\u00a0<br \/>\nTaiano also requested the recovery of Milei\u2019s deleted social posts and detailed records of all LIBRA transactions since its launch. The prosecutor aims to reconstruct the financial operations of Feb. 14 and 15, when the project\u2019s trade volume peaked.\u00a0<br \/>\nContinue reading<a href=\"https:\/\/cointelegraph.com\/news\/texas-senate-passes-bitcoin-reserve-bill-new-york-targets-memecoin-rug-pulls-law-decoded?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsThe Texas Senate passed the Bitcoin strategic reserve bill SB-21 on March 6. This followed a debate in which State Senator Charles Schwertner, who introduced the bill, argued&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124784"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=124784"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/124784\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=124784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=124784"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=124784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}