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!

356 +

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.

396 +

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.

232 +

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…

280 +

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…

212 +

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.

314 +

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.…

247 +

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)…

336 +

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.

371 +

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.

279 +

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.

525 +

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.

281 +

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.

346 +

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.

339 +

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.

268 +

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.

245 +

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.

266 +

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.

338 +

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)…

268 +

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.

372 +

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.

234 +

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.

366 +

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

272 +

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.

460 +

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).

233 +

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.

382 +

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.

386 +

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

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

177 +

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

233 +

Compass Mining denies allegations of $1.2M unpaid electricity bill, CEO, CFO resign

Compass Mining, a hosting company offering managed mining services to Bitcoin (BTC) miners, announced that both its CEO and CFO have resigned. The post Compass Mining denies allegations of $1.

357 +

Bitcoin mining company Compass Mining loses facility for not paying electricity bill

Compass Mining is a Bitcoin (BTC) hosting company offering managed mining services to Bitcoin miners. The post Bitcoin mining company Compass Mining loses facility for not paying electricity bill appeared first on CryptoSlate.

405 +

Will Bitcoin recover? US Senate crypto bill one of several catalysts to support BTC price

Bitcoin struggles to trade above $30K, and market participants await a long-awaited rally to new highs with every passing day. Considering that we haven’t seen this yet, are there any positives to keep crypto enthusiasts’ spirits high or is everything a negative? Cryptocurrency market crash overview The crypto markets have largely been sideways during the […] The post Will Bitcoin recover? US Senate crypto bill one of several catalysts to support BTC price appeared first on Invezz.

482 +

New York State Assembly passes ban on new BTC mines that don’t use green power

The bill will now be carried with support to the State Senate for passing before a final sign-off into law by Governor Hochul.

302 +

California Lawmaker Proposes New Bill to Adopt BTC as Legal Tender

On Feb 19, 2022, Political advisor Ian C.Calderon tweeted that he and BTC expert Dennis Porter were working on a Bipartisan legislature. He said he introduced a bill that seeks to make BTC a legal tender in California.

352 +

Billionaire investor Bill Miller puts 50% of net worth in Bitcoin

Investor Bill Miller is betting big on Bitcoin, allocating 50% of his personal net worth to BTC and related equity.

388 +

Bill Miller says Bitcoin Is ‘Less Risky’ at Current Value, While JPMorgan Clients ‘Disagree’ with CEO on BTC’s Worth

The billionaire investor sees Bitcoin as digital gold and says Coinbase “could be the default position for growth investors” that could easily have a $1 trillion market. The post Bill Miller says Bitcoin Is ‘Less Risky’ at Current Value, While JPMorgan Clients ‘Disagree’ with CEO on BTC’s Worth first appeared on BitcoinExchangeGuide.

595 +

As BTC Bulls Target $60k, Fundamentals Reveal Why Bitcoin Is Breaking Out From Ether, Cardano, And Other Cryptos

Key takeaways Barron’s newspaper thinks Bitcoin breakout from other crypto may be a “regulatory relief rally. ” Gary Gensler’s recent statements and a recently proposed bill are pointed out to support the argument.

397 +

Bitcoin (BTC) in Congress: Senator Lummis discloses buying the dip

Republican Senator Cynthia Lummis beefed up her crypto portfolio less than two weeks after an unsuccessful attempt to insert an amendment into the controversial Senate-passed infrastructure bill, CNBC report revealed.

410 +

Tiny island of Tonga weighs making Bitcoin (BTC) legal tender

Like many crypto enthusiasts predicted that several countries would be following in the footsteps of El Salvador in adopting Bitcoin as a legal tender, there are indications that Tonga could be the next, as one of the country’s politicians is busy drafting a bill in that direction.

386 +

BTC price reclaims $42K as infrastructure bill vote, monthly close loom for Bitcoin

Limp Bitcoin price action precedes two potential watershed moments on lower timeframes as September draws to a close.

385 +

China fear is now infrastructure bill fear — 5 things to watch in Bitcoin this week

From bans to bills, the FUD is strong for Bitcoin and crypto this week, but traders are overwhelmingly optimistic about BTC price action.

407 +

Bill Miller’s Multibillion-Dollar Hedge Fund Chooses Bitcoin Over Gold As Upside Potential For BTC Looks More Attractive

Bitcoin as a fitting substitute for gold has been a point that many investors within and outside the crypto market have been upholding for a long period of time. Miller Opportunity Trust Fund reckons Bitcoin still has an edge over gold Very recently, Miller Opportunity Trust which is a value fund headed by Billionaire Bill […]

524 +

LATAM’s Crypto Adoption: Panama Introduces Bill to Regulate Crypto and Recognize BTC and ETH as Payment Methods

With crypto law, the country seeks to become “compatible with the blockchain, crypto assets, and the internet” along with smart contracts and DAOs. The post LATAM’s Crypto Adoption: Panama Introduces Bill to Regulate Crypto and Recognize BTC and ETH as Payment Methods first appeared on BitcoinExchangeGuide.

459 +

Panama To Recognize Bitcoin As Payment Alternative, Issues New Regulations

A new bill that aims at recognizing Bitcoin as another payment method has emerged in Panama. The bill will also give residents the freedom to use cryptocurrencies. Amidst El Salvador adopting BTC as legal tender, a Central American country is trailing the same path.

403 +

Panama Congress Introduces Bill to Make Bitcoin (BTC) Legal Tender

Gabriel Silver, a member of the Panamanian Congress, has floated a bill designed to make bitcoin (BTC) and other cryptocurrencies legal tender in all sectors of the nation’s economy. The bill also seeks to make Panama a hotbed for blockchain-focused businesses by implementing amenable crypto regulations in the state, according to reports on September 7,Read More

598 +

El Salvador Authorities Greenlight $150 Million Bitcoin Integration Fund

Salvadoran lawmakers have approved a bill aimed at setting up a $150 million fund that would facilitate the country’s bitcoin (BTC) integration project. A total of 64 Salvadoran Congressmen voted in favor of the bill while 14 members opposed it, according to a Reuters report on August 31, 2021. El Salvador Sets Aside $150 mIllionRead More

747 +

Ukraine could legalize Bitcoin payments after proposed crypto bill

After the crypto draft bill is adopted, Ukrainians will be able to legally hold, exchange, and spend cryptocurrencies like Bitcoin (BTC), a government official revealed. The post Ukraine could legalize Bitcoin payments after proposed crypto bill appeared first on CryptoSlate.

487 +

The people of El Salvador are protesting against Bitcoin bill

President Nayib Bukele’s bill that granted Bitcoin (BTC) a legal tender status in El Salvador is yet to be enforced in September but after the country’s distrust of the new legislation became apparent through opinion surveys, Salvadorans started voicing their disapproval in the streets.

390 +

Paraguay’s Proposed Crypto Legislation May Be Counterproductive

Paraguayan lawmakers are set to submit a bill aimed at regulating the country’s cryptospace and make it mandatory for bitcoin (BTC) linked businesses to register with the Undersecretariat of State Taxation, according to reports on July 14, 2021.

467 +