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🚨🇺🇸 ARIZONA #PASSES SB 1025 & SB 1371 — AWAITS #GOVERNOR 'S DECISION
🔹SB 1025: Public Monies; Investment in Virtual Currency
🔹SB 1371: Creation of a Digital Assets Strategic Reserve Fund
🔹Bills passed final House vote, now head to Governor Katie Hobbs (@katiehobbs).
Governor's Options:
🔹Sign: Arizona would be the first U.S. state to invest up to 10% of public funds in Bitcoin.
🔹Veto: Hobbs has vetoed crypto bills before, citing financial risks and volatility concerns.
🔹No Action: Bills become law automatically after five days (excluding Sundays).
🔹Critics warn Bitcoin’s volatility could risk taxpayer funds.
Supporters argue it would strategically diversify Arizona's holdings.
$BTC $ETH $XRP
🔹SB 1025: Public Monies; Investment in Virtual Currency
🔹SB 1371: Creation of a Digital Assets Strategic Reserve Fund
🔹Bills passed final House vote, now head to Governor Katie Hobbs (@katiehobbs).
Governor's Options:
🔹Sign: Arizona would be the first U.S. state to invest up to 10% of public funds in Bitcoin.
🔹Veto: Hobbs has vetoed crypto bills before, citing financial risks and volatility concerns.
🔹No Action: Bills become law automatically after five days (excluding Sundays).
🔹Critics warn Bitcoin’s volatility could risk taxpayer funds.
Supporters argue it would strategically diversify Arizona's holdings.
$BTC $ETH $XRP
🚨🇺🇸ARIZONA NEARLY APPROVES BITCOIN RESERVE BILL
🔹State is one vote away from enacting the Strategic Bitcoin Reserve Bill
🔹Would make Arizona a crypto-forward U.S. state, holding BTC as a treasury asset
🔹Seen as a hedge against inflation and a push for financial sovereignty$BTC
🔹State is one vote away from enacting the Strategic Bitcoin Reserve Bill
🔹Would make Arizona a crypto-forward U.S. state, holding BTC as a treasury asset
🔹Seen as a hedge against inflation and a push for financial sovereignty$BTC
🚨🇺🇸 NORTH CAROLINA'S BITCOIN BILL – A LEGAL PAYMENT REVOLUTION?
New Bill Introduced: The North Carolina Digital Asset Freedom Act proposes recognizing Bitcoin-like assets as legal payment within the state.
Strict Criteria: To qualify, digital assets must:
Use Proof-of-Work consensus.
Have a capped supply.
🔹Exceed $750 billion in market cap — effectively pointing to Bitcoin only.
🔹Following CBDC Ban: This follows North Carolina’s 2024 ban on Central Bank Digital Currencies, showing a clear pro-Bitcoin stance.
Potential Benefits:
🔹Boost economic innovation and investment.
🔹Increase financial inclusion for unbanked communities.
🔹Lower transaction fees, improve privacy, and enable tax payments in Bitcoin.
Challenges Ahead:
🔹Price volatility, regulatory uncertainty, lack of infrastructure, environmental concerns, and need for consumer education.
🔹Impact: If passed, the bill could position North Carolina as a crypto-forward state and influence other U.S. states toward Bitcoin adoption.
- BitcoinWorld.co.in
#Bitcoin #NorthCarolina #BTC #CryptoAdoption #Legislation
New Bill Introduced: The North Carolina Digital Asset Freedom Act proposes recognizing Bitcoin-like assets as legal payment within the state.
Strict Criteria: To qualify, digital assets must:
Use Proof-of-Work consensus.
Have a capped supply.
🔹Exceed $750 billion in market cap — effectively pointing to Bitcoin only.
🔹Following CBDC Ban: This follows North Carolina’s 2024 ban on Central Bank Digital Currencies, showing a clear pro-Bitcoin stance.
Potential Benefits:
🔹Boost economic innovation and investment.
🔹Increase financial inclusion for unbanked communities.
🔹Lower transaction fees, improve privacy, and enable tax payments in Bitcoin.
Challenges Ahead:
🔹Price volatility, regulatory uncertainty, lack of infrastructure, environmental concerns, and need for consumer education.
🔹Impact: If passed, the bill could position North Carolina as a crypto-forward state and influence other U.S. states toward Bitcoin adoption.
- BitcoinWorld.co.in
#Bitcoin #NorthCarolina #BTC #CryptoAdoption #Legislation
🚨🇧🇷BRAZIL CITY COUNCIL #PASSES BILL TO BOOST BITCOIN ADOPTION
🔹Belo Horizonte council approves Bitcoin incentives bill (20–8 vote).
🔹Businesses accepting BTC to receive city-backed promotion.
🔹Education initiatives planned for public digital adaptation.
🔹Awaiting final approval from the mayor.
$BTC
🔹Belo Horizonte council approves Bitcoin incentives bill (20–8 vote).
🔹Businesses accepting BTC to receive city-backed promotion.
🔹Education initiatives planned for public digital adaptation.
🔹Awaiting final approval from the mayor.
$BTC
🚨🇧🇷 ITAU SUPPORTS ORANJE, BITCOIN BUYER
🔹Itaú, Brazil's largest bank, backs Oranje
🔹Oranje plans to buy $210M in Bitcoin
🔹A MicroStrategy-inspired strategy
🔹Itaú, Brazil's largest bank, backs Oranje
🔹Oranje plans to buy $210M in Bitcoin
🔹A MicroStrategy-inspired strategy
🚨#Plume Network Co-founder Eugene #Passes Away
🔹Eugene, co-founder of Plume Network, passed away earlier this week. Remembered as a talented and curious innovator, his team mourns the loss while committing to continue the project's vision and technological advancements. The Web3 community expresses condolences and reflects on his impactful contributions.
🔹Eugene, co-founder of Plume Network, passed away earlier this week. Remembered as a talented and curious innovator, his team mourns the loss while committing to continue the project's vision and technological advancements. The Web3 community expresses condolences and reflects on his impactful contributions.
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