A bill introduced to the Rhode Island Senate would enable the state’s residents to spend or sell just under $1,000 in bitcoin 10 times per month without incurring state capital gains taxes. Bill S. 0451, which was introduced to the Rhode Island Senate last month, permits the state’s residents and businesses to make up to […]
A new bill submitted to South Carolina’s House of Representatives enables the State Treasurer to build a “Strategic Digital Assets Reserve”, which can include up to one million bitcoin. Yesterday, Rep. Jordan Pace reintroduced Bill H. 4256, The “Strategic Digital Assets Reserve Act Of South Carolina”, into South Carolina’s House of Representatives. Highlights from the bill […]
For years, Congressman Ro Khanna (D-CA) has been one of the few Democratic politicians in the U.S. government who’s been a vocal proponent of Bitcoin, but now he says that more Democratic elected officials as well as prominent voices in the party are coming to support his stance. On March 11, 2025, Rep. Ro Khanna […]
Certain Democrats have made the case that the U.S. federal government should follow New York State’s lead when it comes to Bitcoin and crypto regulation. This is a terrible idea. On Friday, Maryland Delegate Adrian Boafo (D) and New York Assemblyman Clyde Vanel (D) sent a joint letter to Democratic Congressional leaders urging them to pass comprehensive […]
The U.S. government should ignore proposals requesting that it conceptualize XRP as a strategic asset, as bitcoin is the only strategic asset in the crypto space. A new proposal submitted to the U.S. Securities and Exchange Commission’s (SEC) newly-established Crypto Task Force by a Maximilian Staudinger makes the case for XRP as a “strategic financial asset” for the United […]