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David Sacks, the “crypto czar,” hosted a press conference alongside Representative French Hill, Senator John Boozman, Senator Tim Scott, and Representative GT Thompson to assure the world that they hope to advance stablecoin and cryptocurrency market structure legislation in both the House and the Senate in the coming months. The congressmen indicated that the market structure bill was likely to resemble the earlier FIT 21 bill, which would make the Commodity Futures Trading Commission (CFTC) the principal market regulator for any cryptocurrency that fit its broad definition of decentralized. However, certain roles would be preserved for the Securities and Exchange Commission (SEC) .  Additionally, the congressmen suggested that the stablecoin bill would resemble the bill recently introduced by Senator Bill Hagerty. This legislation will reportedly make the Federal Reserve and the Office of the Comptroller of the Currency (OCC) the regulators who would oversee diffe...

Illinois has introduced a bill proposing a state-run Bitcoin reserve with a mandatory five-year holding period, joining a growing number of states exploring crypto treasury strategies. State Representative John Cabello proposed Illinois House Bill 1844 (HB1844) , which calls for establishing a strategic reserve fund to hold Bitcoin as a “special fund in the state treasury for the purpose of holding Bitcoin as a financial asset.” 🚨 NEW: Illinois Strategic Bitcoin Reserve Bill! HB1844 would create a Bitcoin Reserve, and require a minimum HODL period of 5 years for all BTC. pic.twitter.com/6rZP8f2oU1 — Julian Fahrer (@Julian__Fahrer) January 29, 2025 Once the five-year holding period concludes, the state treasury would be allowed to “transfer, sell, appropriate, or convert to another cryptocurrency any Bitcoin in the Fund,” the bill says. The bill was sent to the Rules Committee on January 29 to finalize the regulatory details and await lawmake...

The state of Utah has presented a new bill proposing to allow 10% of state funds to be invested in Bitcoin (BTC) and stablecoins. State Representative Jordan Teuscher presented the bill on Monday, Jan. 20, 2025. An interesting point is that the proposed legislature was introduced on the day of Donald Trump’s inauguration as the 47th President of the United States. Also Read: 5 Currencies That May Take A Major Hit If De-Dollarization Advances The proposed legislature is called the “Blockchain and Digital Innovation Amendments” bill. According to an X post by State Representative Teusher, “ This bill reflects our commitment to embracing cutting-edge technology and preparing for the future of finance, while ensuring fiscal sovereignty. “ If voted into law, the bill could lead to a significant rise in Bitcoin’s (BTC) adoption. Utah is the 11th US state to have a BTC reserve bill. Will Bitcoin Rally? Source: Watcher Guru The proposed bill is a bullish deve...

France has created new legislation for crypto tax in France, targeting unrealized Bitcoin capital gains. This marks a first in crypto tax regulation. The measure affects French crypto holders with assets over €800,000. They must now pay taxes on increased value before selling. This move has sent shockwaves through the cryptocurrency community. JUST IN: France to tax #Bitcoin unrealised capital gains. pic.twitter.com/8zsehL05f4 — Bitcoin Archive (@BTC_Archive) December 3, 2024 Also Read: Nvidia: NVDA Surged 170% In 2024, How High Can It Surge In 2025? Breaking: New Crypto Tax Law Unveiled The unprecedented crypto tax regulation in France targets wealthy investors planning to exit the country. Current French crypto tax laws only charge 30% on realized gains. This new measure changes everything for Bitcoin holdings in France. It could also affect crypto holders worldwide. Implementation and Timeline The Direction Générale des Finances Publiques (DGFiP) will start enforcing this new ...

Ahead of Donald Trump’s arrival in the White House, Pennsylvania has officially introduced a bill that would create a Bitcoin strategic reserve for the state. Indeed, a Fox Business report states that several states across the country are beginning to establish their own plans to integrate the leading cryptocurrency. Pennsylvania lawmakers introduced the bill as Donald Trump’s second term is likely to introduce a strategic reserve for the crypto. Indeed, US Senator Cynthia Lummis previously suggested that Trump could approve the legislation within the first 100 days of his second term. JUST IN: Pennsylvania introduces bill to create a #Bitcoin Strategic Reserve for the state. — Watcher.Guru (@WatcherGuru) November 14, 2024 Also Read: Trump Proposes Bitcoin Advocate Matt Gaetz as Attorney General Pennsylvania Introduces Bitcoin Reserve Bill as Trump Prepares National BTC Stash There is no denying the impact that Donald Trump has had on Bitcoin. Following his victory in...