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Texas policymakers have roughly $24 billion in sovereign wealth as the State’s Senate weighed passing Bitcoin reserve legislation. The Texas Senate Committee on Business and Commerce unanimously supported a bill to invest state surplus dollars into Bitcoin (BTC) as governments mulled crypto reserve adoption. Republican Charls Schwertner, chair of the Committee, scored a landslide 10-0 vote for his proposal titled the Texas Strategic Bitcoin Reserve and Investment Act. The State’s Senate will now consider Schwertner’s following overwhelming bipartisan backing. “Today’s vote was a critical first step in making a strategic investment in Texas’ financial future,” chair Schwertner said in a statement. Lawmakers could invest from the state’s $24 billion cash reserve, if approved by the Senate. You might also like: Second Bitcoin reserve bill introduced in Georgia, now without investment limit Over 20 U.S. states raced to pass BTC reserve laws, funneling taxpayer dollars to the largest cryptocurrency market cap. White Montana’s BTC reserve bill failed to clear a House vote, Arizona, Oklahoma, and Utah inched closer to passing laws. States see BTC as a way to diversify their sovereign portfolios. President Donald Trump’s return, as the first Bitcoin president, and crypto’s mammoth spending during the general elections, no doubt helped push the needle on state-level adoption. Read more: The list of US states embracing Bitcoin reserves is growing

Fox Business reporter Eleanor Terrett said President Trump will attend and speak at the first White House Cryptocurrency Summit on March 7. Attendees will include well-known founders, CEOs and investors in the cryptocurrency industry, as well as members of the President's Digital Asset Task Force. The summit will be hosted by David Sacks, the White House AI and cryptocurrency czar, and managed by Bo Hines, the executive director of the task force.

House Democrats propose a bill to prevent officials from profiting from digital assets. Rep. Liccardo’s MEME Act targets ethical concerns with politicians endorsing cryptocurrencies. The MEME Act includes retroactive penalties to address $TRUMP coin and similar ventures. House Democrats are setting their sights on restricting public officials from benefiting financially from digital assets. A new bill aims to prevent top government officials, including the president, from issuing or endorsing cryptocurrencies, following concerns over the recent decline of the $TRUMP meme coin. The $TRUMP cryptocurrency launched just over a month ago but has since lost significant value as early investors offloaded their holdings. Thousands of holders took heavy losses totaling billions of dollars, prompting some lawmakers to demand tighter rules to ensure officials do not misuse their positions for personal gain. California Democrat Moves to Regulate Crypto Involvement Rep. Sam Liccardo, a freshman Democrat from California, plans to introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act. This legislation would bar high-ranking officials, such as the … The post House Democrats Take Aim at $TRUMP Meme Coin with New Legislation: MEME Act appeared first on Coin Edition.

The Daily: Trump team files trademark for 'TRUMP' metaverse, bitcoin slipped under $80,000 and more

Within Trump’s first 40 days in office, 15 new crypto-friendly legislators have entered Congress after the federal elections in 2024.