Author: cryptotechbro
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Yesterday, Rep. Jordan Pace reintroduced Bill H. 4256, The “Strategic Digital Assets Reserve Act Of South Carolina”, into South Carolina’s House of Representatives. Highlights from the bill include the fact that it enables the State Treasurer to invest up to 10% of the funds under the state’s management into digital assets, including bitcoin, and that the state’s Strategic Digital Assets Reserve can include up to one million bitcoin. The bill also states that the reason for establishing such a reserve is because “inflation has eroded the purchasing power of assets held in state funds” and that “bitcoin, a decentralized digital…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure A new technical analysis on TradingView suggests that Shiba Inu’s recent price movements may be echoing a familiar structure from earlier last year, raising the possibility of history repeating itself. The analyst examined Shiba Inu’s chart from November 2024 to the present and pointed out a sequence of patterns that also appeared between March and November 2024, patterns that preceded a significant rally. The analysis outlines a clear path that could lead to a notable price surge towards $0.00003 if these price patterns continue to play out.…
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The US Securities and Exchange Commission has officially closed its investigation into Crypto.com, with no action taken against the crypto exchange, according to the firm’s CEO, Kris Marszalek.”They used every tool available to attempt to stifle us, restricting access to banking, auditors, investors, and beyond. It was a calculated attempt to put an end to the industry,” Marszalek said in a March 27 X post.”The fact that we not only persevered but became stronger is a testament to our vision and the community supporting it. Onwards!”It comes seven months after the SEC issued a Wells notice to the crypto platform…
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On Wednesday, the office of Rep. Gabe Amo issued a press release stating that Rep. Amo and Rep. Kim (R-CA) reintroduced a bipartisan resolution supporting the use of distributive ledger technologies (DLT), including blockchain, to “support democratic governance, human rights, freedom of information, transparency, and innovation around the world.” The resolution (the full text of which was not linked to in the press release) urges federal agencies to explore and support DLT and expresses Congress’ commitment to advancing responsible innovation on this technological front. Rep. Kim commented on the importance of this technology in the press release. “U.S. leadership in…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Lawmakers in North Carolina appear to now be advancing legislation that could allow the state to allocate a portion of its public retirement funds into digital assets, including cryptocurrencies like Bitcoin. Two identical bills, House Bill 506 and Senate Bill 709, introduced on March 24 and March 25 respectively, propose the creation of a new agency — the North Carolina Investment Authority — tasked with evaluating and managing investments in digital assets. Oversight and Risk Considerations House Bill 506, also known as the Investment Modernization Act, was…
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