Texas Lawmakers Vote to Add Right to Use Digital Currencies to State Bill of Rights
Texas lawmakers have voted overwhelmingly in favor of an update to the state's Bill of Rights to include the right of the people to own, hold, and use digital currencies. The bill, introduced by State Representative Giovani Capriglione, received 139 votes in favor and only two against. If passed and signed, the latest update will also give the people of Texas the right to use cryptocurrencies, such as Bitcoin. The objective of adding this to the Texas Bill of Rights is to make a case in the federal judiciary to invoke the 9th Amendment to the U.S. Constitution which says that there are other natural rights besides those in the first 8 amendments.
Scientists in Texas Developed a GPT-Like AI System That Reads Minds
Researchers at the University of Texas at Austin have developed an artificial intelligence (AI) system capable of interpreting and reconstructing human thoughts.
Bitcoin Advocates Rally at Texas State Capitol To Oppose Bill Cutting Mining Incentives
Roughly 100 people answered the call from the crypto advocacy groups Chamber of Digital Commerce, Satoshi Action Fund, and Texas Blockchain Council to show Texas lawmakers they were against legislation targeting crypto mining firms.
Texas House of Representatives Passes Bill Requiring Proof of Reserves for Crypto Exchanges
The Texas House of Representatives has passed a bill requiring cryptocurrency exchanges to maintain sufficient reserves to fulfill their clients' payment obligations. The "HB 166" bill filed by State Rep. Giovanni Capriglione aims to rebuild trust in the market by requiring Proof of Reserves for digital asset exchanges. Proof of Reserves is a process by which a cryptocurrency exchange demonstrates that it holds sufficient funds to cover customer deposits, which can protect customers' assets and increase trust in the exchange.
Texas Digital Asset Service Provider Bill Passes House Vote
The Texas House of Representatives approved the digital asset service provider bill on April 20.
Texas Passes Bill Requiring Cryptocurrency Companies to Prove They Have Enough Assets
The bill's provisions share similarities with the proof-of-reserve reports that prominent exchanges like Coinbase, Binance, and Kraken already produce.
Texas Bill Could Require Crypto Firms to Show They Can Cover User Balances
Texas’ House of Representatives passed a bill requiring crypto companies to prove they have sufficient assets on hand on April 20.
Texas Senate Backs Bitcoin Mining Bill to Prioritize Residential Customers
The Texas Senate has given unanimous backing to the Bitcoin mining bill, SB-1751, which is set to make it through the State House of Representatives before being enacted.
Arkansas Bill Grants Bitcoin Miners Same Rights as Data Centers, While Texas Seeks to Remove Incentives for Miners
A new bill aimed at regulating Bitcoin mining in Arkansas has been approved by both the House of Representatives and Senate and is now awaiting Governor Sarah Huckabee Sanders’ signature. The Arkansas Data Centers Act of 2023 seeks to establish guidelines for Bitcoin miners and protect them from discriminatory regulations and taxes, guaranteeing that firms have the same rights as data centers.
Texas Lawmakers Introduce Bill Proposing to Establish a Gold-Backed Digital Currency
Two Republican lawmakers from Texas, senator Bryan Hughes and representative Mark Dorazio, have introduced legislation to create a gold-backed digital currency that could be enacted by the state legislature.