According to BlockBeats, the Arizona House of Representatives is set to convene this afternoon at 1 PM local time to discuss two significant pieces of legislation related to Bitcoin reserves. The bills, SB1373 and SB1025, are on the agenda for a final vote. These legislative measures could have important implications for the state's approach to cryptocurrency reserves.
Banks May Begin Supporting Bitcoin Following Federal Reserve Guidance Changes, According to Michael Saylor
According to Foresight News, Strategy founder Michael Saylor commented on the recent changes in the Federal Reserve's guidance regarding banks' crypto assets and dollar token activities. Saylor noted that banks are now free to start supporting Bitcoin. This development follows the Federal Reserve's decision to revoke previous guidance and adjust related expectations, potentially paving the way for increased institutional involvement in cryptocurrency markets.
China is currently discussing how to handle a large amount of cryptocurrency seized from criminal activities, approximately 194,000 bitcoins (BTC). Against the backdrop of an economic slowdown, local governments have been selling some of these assets in offshore markets through private companies to generate revenue. The lack of clear regulatory guidelines has raised concerns, prompting calls for the establishment of standardized procedures and centralized regulation to ensure transparency and prevent potential corruption.
Russia is set to establish a government-backed cryptocurrency exchange, aiming to provide a regulated platform for digital asset trading. This move could significantly impact global crypto trading dynamics and reflects Russia's increasing engagement with the digital asset sector. $BTC $ETH $BNB