News with the tag "state legislature"

Arizona has broken new ground in what's been a race among U.S. states to see which may become first to set up a crypto reserve as a formal part of their fiscal strategy, getting legislation approved with mostly Republican lawmakers in support. It's unclear whether Governor Katie Hobbs, a Democrat, w...

Several U.S. states are getting closer to putting public money into cryptocurrencies effort, spurred by President Donald Trump since he announced plans to do the same on a federal level. And Texas is now among the leading contenders. On Thursday, the Texas state senate passed the so-called SB 21 bil...

This year's rapid surge in U.S. states' interest to put public money into cryptocurrencies before the federal government can establish a strategic reserve of digital assets has encountered mixed results after five such efforts flamed out, though Utah remains a single vote away from the finish line a...

The latest state effort to set up the investment of public money into cryptocurrency, a bill introduced on Monday in North Carolina, is backed by the state's Speaker of the House Destin Hall. The high-profile North Carolina push contemplates putting as much as 10% of its general and highway funds in...

Florida's chief financial officer proposed that the funds that support retired state workers should dabble in crypto, inspired by Republican presidential candidate Donald Trump's support for the U.S. government stockpiling bitcoin {{BTC}}.

The bill received strong support in the General Assembly. Now the state Senate will consider overturning the veto.