Legislation Archives

Swiss National Bank dismisses Bitcoin for reserves due to volatility concerns

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The Swiss National Bank rejected growing calls to adopt Bitcoin (BTC) as part of its foreign currency reserves, saying cryptocurrencies fail to meet its requirements for liquidity and stability. Speaking at the central bank’s annual shareholder meeting in Bern, SNB Chairman Martin Schlegel said the institution needs assets it can reliably buy and sell, and […]

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Telegram vows to exit markets over encryption backdoor demands

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Telegram founder Pavel Durov has criticized the French government for attempting to ban encryption, calling it a serious threat to digital privacy. In an April 21 statement on X, Durov revealed that French lawmakers nearly passed a bill last month that would have forced messaging apps to include backdoors that would give law enforcement agencies

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Crypto giants Circle and Coinbase reportedly eye US banking licenses amid regulatory thaw

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A growing number of leading crypto firms, including Circle, Coinbase, BitGo, and Paxos, are reportedly preparing to apply for banking licenses in the United States. According to sources cited by The Wall Street Journal, the firms are leveraging a wave of pro-crypto sentiment in Washington to advance their long-term plans. The report noted that each

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Kyrgyzstan moves toward digital currency with new CBDC legislation

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Kyrgyzstan has officially authorized the development of a central bank digital currency (CBDC) following the passage of new legislation signed by President Sadyr Zhaparov, granting legal tender status to a future “digital som.” The constitutional law, signed April 17, gives the National Bank of the Kyrgyz Republic the sole authority to issue and regulate a

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Arizona edges closer to crypto treasury, but governor threatens veto over budget dispute

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Arizona is one step away from becoming the first US state to hold Bitcoin and other digital assets in its Treasury, but a political standoff with Governor Katie Hobbs threatens to derail the effort before it reaches her desk. Senate Bill 1373, the Digital Assets Strategic Reserve Fund, was approved by the House Committee of

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US DOJ reviews crypto compensation rules amid valuation concerns

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The US Department of Justice (DOJ) has initiated a review of how victims of digital asset fraud are compensated, following concerns over outdated valuation methods. According to a recent internal DOJ memo, many investors affected by crypto platform collapses, such as FTX, Celsius, Voyager, Genesis, BlockFi, and Gemini Trust, have only received reimbursement based on

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Senators reintroduce legislation to tighten rules on crypto custody

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US Senators Thom Tillis (R-NC) and John Hickenlooper (D-CO) have reintroduced a legislative measure to prevent digital asset custodians from co-mingling customer funds with institutional or proprietary capital. The bill, dubbed the Proving Reserves of Others Funds (PROOF) Act, also mandates monthly third-party inspections of custodial reserves, building on standards already used informally across the

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US lawmakers and Elizabeth Warren criticize DOJ for disbanding crypto enforcement team

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A group of US Democratic lawmakers, led by Senator Elizabeth Warren, has strongly criticized the Department of Justice (DOJ) for shutting down its National Cryptocurrency Enforcement Team (NCET). In an April 10 letter, the group expressed concern that the move undermines efforts to combat growing criminal activity tied to digital assets. The NCET, disbanded on

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Bill That Authorizes Texas Comptroller To Invest 0 Million Into Bitcoin Moves To Committee

Bill That Authorizes Texas Comptroller To Invest $250 Million Into Bitcoin Moves To Committee

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Today, H.B. 4258, which authorizes the state’s comptroller to invest up to $250 million in bitcoin has been referred to the state’s Delivery of Government Efficiency Committee, which is Texas’ version of the United States federal government’s DOGE. The bill was originally introduced to the Texas House of Representatives on March 11, 2025, and was

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Senator Ted Cruz introduces FLARE Act to repurpose flared gas for Bitcoin mining

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Senator Ted Cruz introduced legislation on April 1 to repurpose flared gas and use it to generate “value-added products,” like mining Bitcoin (BTC) and other digital assets. The bill, called the Facilitating Lower Atmospheric Released Emissions (FLARE) Act, proposes using natural gas produced during oil drilling operations and providing incentives through tax advantages. Full expensing

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