Is the U.S. finally on the verge of establishing a clear regulatory framework for digital assets? Coinbase CEO Brian Armstrong believes we might be. In a significant move, Armstrong has publicly urged bipartisan support for the STABLES Act, labeling its upcoming markup by the House Financial Services Committee as a potentially “historic moment” for the crypto industry. Let’s dive into why this act is so crucial and what it could mean for the future of crypto in the United States. Why is the STABLES Act a Landmark for Crypto Regulation? The STABLES Act , or the “Eliminating Backlogs Act of 2023”, is not new, but its renewed momentum is capturing significant attention. Brian Armstrong’s vocal support amplifies its importance, especially as the crypto industry navigates a complex and often unclear regulatory landscape. But what exactly makes this act so pivotal? Clarity for Stablecoins: The core focus of the STABLES Act is to provide regulatory clarity for stablecoins. Stablecoins, cryptocurrencies designed to maintain a stable value relative to a reserve asset like the U.S. dollar, are crucial for everyday crypto transactions and the broader DeFi ecosystem. Current regulations are fragmented, creating uncertainty for businesses operating with stablecoins. Federal Oversight: The act proposes to bring stablecoin issuers under federal oversight, potentially treating them more like traditional financial institutions. This could involve stricter requirements for reserves, audits, and consumer protection, aiming to build trust and stability in the stablecoin market. National Framework: A federal framework could preempt state-level regulations, creating a more unified and less burdensome environment for stablecoin issuers to operate across the U.S. This national approach is highly desired by industry leaders who seek consistent rules rather than a patchwork of state laws. Brian Armstrong’s Urgent Call for Support: A Pivotal Moment Brian Armstrong’s engagement is not just a casual endorsement; it’s an urgent call to action. His recent activity on X (formerly Twitter), highlighting both the STABLES Act and the Senate’s progress on the GENIUS Act, underscores the industry’s push for comprehensive crypto regulation . Why is his voice so important right now? Industry Leadership: As the CEO of Coinbase, a leading cryptocurrency exchange in the U.S., Armstrong’s opinion carries significant weight. His advocacy can influence both lawmakers and the broader public perception of crypto regulation. Timing is Critical: With the House Financial Services Committee markup approaching, Armstrong’s public appeal is strategically timed to maximize pressure on lawmakers to consider and support the STABLES Act. This is a crucial window of opportunity to shape the future of digital assets regulation. Bipartisan Push: Armstrong specifically called for bipartisan support, recognizing that for any legislation to pass and be effective, it needs to transcend partisan divides. Crypto regulation is not a Republican or Democrat issue; it’s an issue of innovation and economic competitiveness for the U.S. Beyond STABLES: The GENIUS Act and a Broader Vision for Digital Assets Armstrong also mentioned the Senate’s progress on the GENIUS Act. While the STABLES Act focuses on stablecoins, the GENIUS Act represents a broader effort to establish a comprehensive digital asset framework . How do these pieces fit together? Act Focus Significance STABLES Act Stablecoin regulation, federal oversight of issuers. Provides immediate clarity and stability to a critical segment of the crypto market. GENIUS Act Broader digital asset regulatory framework, potentially covering various types of cryptocurrencies and crypto activities. Aims to create a more comprehensive and future-proof regulatory environment for the entire digital asset ecosystem in the U.S. Both acts are vital components of building a robust and innovation-friendly regulatory landscape for crypto in the U.S. Armstrong’s mention of both signals a holistic approach, advocating for both immediate needs (stablecoin clarity) and long-term vision (comprehensive framework). What are the Potential Benefits of Clear Crypto Regulation? Why is this regulatory push so important for the future? Clear crypto regulation offers numerous benefits, not just for crypto companies but for the entire U.S. economy: Increased Investment and Innovation: Regulatory clarity reduces uncertainty, making it more attractive for institutional investors and traditional businesses to enter the crypto space. This influx of capital and talent can fuel innovation and growth. Consumer Protection: Robust regulations can protect consumers from fraud and scams, fostering greater trust in digital assets and encouraging wider adoption. Economic Competitiveness: A clear and sensible regulatory framework can position the U.S. as a leader in the digital asset space, attracting businesses and talent while preventing innovation from moving overseas. Mainstream Adoption: As regulations become clearer and more established, cryptocurrencies and digital assets can move closer to mainstream adoption, integrating further into the traditional financial system. Armstrong in D.C.: Actionable Insights and What’s Next Brian Armstrong’s presence in Washington, D.C., this week is not merely symbolic. It represents direct engagement and lobbying efforts ahead of the crucial August recess. What actionable insights can we glean from this situation? Direct Engagement Matters: Armstrong’s meetings with lawmakers demonstrate the importance of direct industry engagement in shaping policy. Crypto leaders need to be actively involved in discussions and negotiations. Education is Key: Part of Armstrong’s mission is likely to educate lawmakers about the nuances of crypto and the potential benefits of well-crafted regulation. Bridging the knowledge gap between the tech industry and policymakers is crucial. Momentum Building: The simultaneous progress on the STABLES Act and the GENIUS Act, coupled with industry advocacy, suggests a growing momentum towards comprehensive crypto regulation in the U.S. This is a space to watch closely. Conclusion: A Historic Opportunity for Digital Assets? The upcoming House Financial Services Committee markup of the STABLES Act, combined with the ongoing Senate discussions on the GENIUS Act, truly represents a historic opportunity for the United States to define its stance on digital assets . Brian Armstrong’s urgent appeal for bipartisan support is a powerful reminder that the time for decisive action is now. Whether this moment will indeed be “historic” depends on the choices lawmakers make in the coming weeks and months. The crypto community, and indeed anyone interested in the future of finance and technology, will be watching closely. To learn more about the latest explore our article on key developments shaping crypto regulation policy.
Vaneck BNB ETF Registered in Delaware 💰Coin: BNB ( $BNB ) $612.50
Is OpenAI, the giant behind ChatGPT, embroiled in another data sourcing controversy? A new report from the AI Disclosures Project is making waves with a serious accusation : OpenAI may have trained its advanced GPT-4o model using copyrighted, paywalled books from O’Reilly Media without permission. This revelation intensifies the ongoing debate about AI training data ethics and the boundaries of copyright in the age of artificial intelligence. For crypto enthusiasts and tech-savvy individuals following the AI revolution, this news raises critical questions about data transparency and the future of content creation. Unpacking the Copyright Infringement Claim Against OpenAI The core of the accusation revolves around the source of data used to train sophisticated AI models like GPT-4o. Think of AI models as incredibly complex learning machines. They digest massive amounts of information – text, images, code – to identify patterns and generate outputs based on prompts. When you ask ChatGPT to write a poem or create an image, it’s drawing upon this vast knowledge base to produce its response. It’s not creating something entirely new, but rather intelligently remixing and extrapolating from what it has learned. While many AI labs, including OpenAI, are exploring AI-generated synthetic data to augment their training datasets, relying solely on synthetic data presents challenges. Performance can degrade, and the models may lose touch with the nuances of real-world data. This is where the controversy around AI training data sourcing becomes critical. The AI Disclosures Project, spearheaded by Tim O’Reilly and Ilan Strauss, suggests that OpenAI’s latest model, GPT-4o , exhibits a strong understanding of content from paywalled O’Reilly books. This is particularly concerning because O’Reilly Media, a prominent publisher of technical and business books, does not have a licensing agreement with OpenAI. Key findings from the AI Disclosures Project paper: GPT-4o’s Superior Recognition: The research indicates that GPT-4o demonstrates a significantly higher recognition of paywalled O’Reilly book content compared to OpenAI’s earlier model, GPT-3.5 Turbo. DE-COP Method: The researchers employed a technique called DE-COP, a “membership inference attack,” to assess whether AI models have prior knowledge of specific texts from their training data. This method tests if a model can distinguish between original human-written text and AI-paraphrased versions. Extensive Testing: Over 13,000 paragraph excerpts from 34 O’Reilly books were used to probe the knowledge of GPT-4o, GPT-3.5 Turbo, and other OpenAI models. Paywalled Content Recognition: The results strongly suggest that GPT-4o “recognized” a far greater amount of paywalled O’Reilly book content than its predecessors. GPT-4o and the Mystery of Paywalled Books: What Does It Mean for Copyright? The paper highlights a stark contrast between GPT-4o and older models like GPT-3.5 Turbo. While GPT-3.5 Turbo showed more familiarity with publicly accessible O’Reilly book samples, GPT-4o excelled in recognizing content behind paywalls. This raises serious questions about how OpenAI sourced its AI training data for its most advanced model. According to the research, “GPT-4o [likely] recognizes, and so has prior knowledge of, many non-public O’Reilly books published prior to its training cutoff date.” However, the researchers acknowledge that this isn’t definitive proof of copyright infringement . They concede that their method isn’t foolproof and that OpenAI could have indirectly accessed the book excerpts through user interactions with ChatGPT – users might have copied and pasted snippets of paywalled content into the platform. Furthermore, the study didn’t analyze OpenAI’s newest models, leaving open the possibility that data sourcing practices may have evolved. Why Does AI Training Data Matter in the Crypto and Tech World? For those in the cryptocurrency and broader tech space, the implications of this copyright infringement claim are significant: Data Ethics and Transparency: The crypto world champions decentralization and transparency. Questions around AI data sourcing mirror these concerns. Where AI models get their data and how ethically it’s obtained are crucial for building trustworthy AI systems. Impact on Content Creators: If AI models are trained on copyrighted material without proper licensing, it undermines the rights of content creators – authors, artists, musicians, and more. This could stifle creativity and innovation in the long run. Legal Battles and Regulatory Scrutiny: OpenAI is already facing multiple lawsuits regarding its data practices. This new report will likely add fuel to the fire, potentially leading to stricter regulations around AI training data and copyright . Future of AI Development: The search for high-quality AI training data is intensifying. AI companies are exploring various avenues, including licensing deals, synthetic data generation, and even hiring domain experts to inject knowledge directly into AI systems. The resolution of the copyright infringement debate will significantly shape the future landscape of AI development. OpenAI’s Stance and the Broader Industry Trend OpenAI has publicly advocated for more flexible rules regarding the use of copyrighted data for AI training . They argue that access to a wide range of data, including copyrighted material, is essential for developing powerful and beneficial AI models. The company does have licensing agreements with some publishers and offers opt-out mechanisms for copyright holders, though these are often criticized as insufficient. The trend of AI companies seeking higher-quality AI training data is undeniable. OpenAI has even hired journalists to refine its models’ output, and the industry is seeing a rise in AI firms recruiting experts across various fields to infuse specialized knowledge into AI systems. While OpenAI does pay for some training data through licensing deals, the O’Reilly paper underscores the ongoing tension between AI development and copyright law. As OpenAI navigates multiple lawsuits and increasing scrutiny, this new report from the AI Disclosures Project adds another layer of complexity to the copyright infringement debate. OpenAI did not respond to requests for comment, leaving the allegations unanswered for now. To learn more about the latest AI trends, explore our articles on key developments shaping AI models and AI ethics .
Software engineer and crypto enthusiast Vincent Van Code recently shared a tweet analyzing why XRP’s price declined despite multiple positive developments. His post included a conversation with ChatGPT. He asked why XRP’s price fell from $2.50 to $2 before recovering slightly to $2.16, despite major bullish announcements. The AI’s response covered several factors, with Van Code emphasizing point three, which referenced market manipulation. I asked ChatGPT why price of XRP has fallen, despite multiple positive announcements.. no 3 was the kicker, even it knows the price is manipulated, to SHAKE OUT RETAIL. Must read Prompt: There have been dozens of XRP pro announcements from FDIC. to case settlement, you name… — Vincent Van Code (@vincent_vancode) March 30, 2025 The tweet suggests that XRP’s price action does not align with expectations, given the stream of favorable news, including FDIC-related announcements and the resolution of legal matters. ChatGPT outlined six primary reasons for this disconnect. Market Dynamics and Sentiment One explanation given was the common market phenomenon of “buy the rumor, sell the news.” This occurs when investors anticipate good news and price it in beforehand. Once the news becomes official, traders may take profits, leading to a selloff instead of further gains. This behavior is common in both traditional finance and cryptocurrency markets. The second factor was the broader market sentiment. Even when XRP has positive news, overall market conditions influence its ability to gain traction. Bitcoin’s price movements, macroeconomic factors like inflation concerns, and regulatory uncertainty can weigh down altcoins, including XRP. Even strong developments may not drive price increases if the general market environment is unstable. Influence of Whales and Liquidity Strategies Van Code highlighted ChatGPT’s mention of price manipulation as a significant takeaway. The AI pointed out that XRP has a history of being influenced by large holders and institutions who may intentionally push the price lower to shake out retail investors. These liquidity strategies, often employed by market makers and institutional traders, create psychological pressure on smaller investors. The suggestion that price movements may not always be driven by logical fundamentals but rather by deliberate strategies is the key focus of the tweet. Another factor mentioned was the lack of new retail money entering the market. Even with positive announcements, its price may struggle to rise if no fresh capital flows into XRP. A significant increase requires not just existing traders cycling through positions but new participants willing to buy at higher prices. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Lingering Effects of Legal Issues and Supply Considerations The AI also pointed to the residual effects of the SEC lawsuit. While the case was largely resolved in Ripple’s favor, regulatory uncertainty has left a lasting impact. Institutional investors remain cautious, while some exchanges have yet to integrate XRP trading without restrictions. These factors contribute to sentiment issues that can suppress price growth. Finally, token supply dynamics were identified as another potential reason. Ripple holds a substantial amount of XRP and distributes tokens through monthly unlocks and over-the-counter (OTC) sales. While these distributions are part of a structured plan, they can introduce selling pressure, affecting price stability. Van Code’s tweet highlights the frustration within the XRP community regarding price movements that do not seem to reflect ongoing positive developments. The response from ChatGPT outlined multiple reasons why the price may not have reacted as anticipated, with market dynamics, sentiment, liquidity strategies, and supply considerations all playing a role. The emphasis on whale manipulation as a possible factor underscores concerns that price movements in the crypto market are not always organic. Whether this is a temporary consolidation phase before a larger breakout remains uncertain. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post ChatGPT Explains Why XRP Price Has Fallen, Despite Multiple Positive Announcements appeared first on Times Tabloid .
In a rather unexpected turn of events in the volatile world of cryptocurrency, the Solana-based memecoin sensation, Dogwifhat (WIF), has reportedly called off its much-anticipated advertising campaign on the iconic Las Vegas Sphere . Just a year after sparking excitement and raising funds through a community-driven crowdfunding initiative, the project has announced a complete reversal, leaving many wondering what went wrong. Are you curious to know the inside scoop on why the Dogwifhat logo won’t be lighting up the Vegas skyline after all? Let’s dive into the details of this developing story. What Happened to the Dogwifhat Las Vegas Sphere Dream? The ambitious plan to project the Dogwifhat logo onto the Las Vegas Sphere was initially met with enthusiastic support from the memecoin community. Spearheaded by the pseudonymous organizer @GamesMasterFlex, the project aimed to take crypto advertising to new heights, leveraging the Sphere’s unparalleled visual impact. However, recent updates indicate a significant change of direction. According to a recent post on X (formerly Twitter), @GamesMasterFlex announced the shelving of the Sphere advertising project. This news has been confirmed by Decrypt and has sent ripples through the Dogwifhat community and the broader crypto space. But what exactly led to this sudden change of heart? Unpacking the WIF Refund and Project Shelving The announcement of the project’s cancellation was coupled with the promise of a full WIF refund to contributors. This move, while likely disappointing for those who were excited about the Sphere campaign, is being seen by many as a responsible and community-centric approach. Here’s a breakdown of what we know: Project Shelved: The Las Vegas Sphere advertising campaign for Dogwifhat is officially off the table. Full Refunds: Contributions made to the crowdfunding campaign will be returned to donors. Reason Unclear: As of now, the specific reasons behind the decision to abandon the project remain somewhat vague. The announcement from @GamesMasterFlex provided limited details beyond the project being shelved. Community Reaction: The community’s reaction is mixed, with some expressing disappointment but largely appreciating the transparency and commitment to refunding contributions. The lack of a detailed explanation for the cancellation has naturally fueled speculation within the crypto community. Was it logistical challenges, financial hurdles, or perhaps a strategic shift in marketing focus for Dogwifhat ? As we await further clarification, it’s worth considering the potential factors that might have played a role. Potential Challenges in Crypto Advertising on the Las Vegas Sphere While the idea of showcasing a memecoin like Dogwifhat on the Las Vegas Sphere is undeniably attention-grabbing, executing such a campaign comes with its own set of challenges. Let’s explore some potential hurdles that might have contributed to the project being shelved: Challenge Description Potential Impact on Dogwifhat Project Cost Advertising on the Las Vegas Sphere is known to be exceptionally expensive. Budget constraints or unexpected cost increases could have made the project financially unviable. Logistics and Regulations Coordinating advertising on a venue like the Sphere involves complex logistics and regulatory approvals. Potential bureaucratic delays or unforeseen regulatory hurdles could have stalled the project. Market Volatility The cryptocurrency market is highly volatile. Fluctuations in the value of Dogwifhat or SOL could have impacted the project’s funding and feasibility over the past year. Shifting Priorities Project priorities and marketing strategies can evolve in the fast-paced crypto world. Dogwifhat team might have decided to reallocate resources to other marketing initiatives or project developments. It’s important to note that these are just potential challenges. The official reason for shelving the Las Vegas Sphere campaign and issuing the WIF refund is yet to be fully disclosed by the project organizers. Memecoin Marketing and the Power of Community The Dogwifhat Sphere campaign, even in its cancellation, highlights the unique and often unconventional marketing strategies employed in the memecoin space. These projects often thrive on community engagement and virality, and the initial enthusiasm for the Sphere idea is a testament to this. While the crypto advertising landscape is still evolving, memecoins like Dogwifhat demonstrate the power of grassroots movements and community-driven initiatives to generate buzz and attention. Here are some key takeaways about memecoin marketing: Community Focus: Memecoin marketing heavily relies on building and engaging a strong online community. Viral Potential: The goal is often to create viral moments and trends that spread rapidly across social media. Unconventional Approaches: Memecoins are known for embracing unconventional and often humorous marketing tactics. Risk and Reward: Memecoin marketing can be highly effective in gaining attention quickly but also carries inherent risks due to market volatility and project lifecycles. What’s Next for Dogwifhat and Crypto Advertising? While the Las Vegas Sphere dream might be on hold, the Dogwifhat story is far from over. The project still boasts a vibrant community and continues to be a prominent player in the memecoin arena. The decision to issue a WIF refund and shelve the Sphere campaign could even be seen as a strategic move to re-evaluate and potentially pivot towards new marketing avenues. As for crypto advertising in general, the industry is constantly experimenting with new and innovative ways to reach audiences. From social media campaigns to partnerships and sponsorships, the strategies are diverse and ever-evolving. The Dogwifhat Sphere saga serves as a reminder of both the ambitious spirit and the inherent uncertainties within the crypto space. Conclusion: Lessons from the Dogwifhat Sphere Setback The cancellation of Dogwifhat’s Las Vegas Sphere advertising campaign is undoubtedly a setback for those who were eagerly anticipating it. However, it also offers valuable lessons about the realities of ambitious projects in the fast-paced and unpredictable world of cryptocurrency. The commitment to a WIF refund demonstrates a level of responsibility and community focus that is commendable. As Dogwifhat moves forward, it will be interesting to see what new strategies and initiatives they pursue to maintain their momentum and engage their dedicated community. The world of memecoin marketing continues to be a fascinating space to watch, full of surprises and unexpected turns. To learn more about the latest crypto market trends, explore our article on key developments shaping Bitcoin price action.
Circle Internet Group Inc., a leading stablecoin operator, is aiming to go public with an S-1 filing that outlines major opportunities and challenges in the fast-evolving digital finance sector. Circle’s High-Stakes Leap Into Public Trading Circle, the issuer behind the widely circulated stablecoin USDC, has unveiled plans for an initial public offering (IPO), signaling a
Speculation is rising about the potential of Binance Coin (BNB) to tilt towards a strong bullish breakout. This contemplation is premised on the coin’s recent frequent incineration. BNB Utilizes Two Burn Mechanisms Noteworthy, BNB utilizes both a real-time burn mechanism and a quarterly auto-burn. While the first mechanism burns a fixed ratio of gas fees generated by the network, the quarterly auto-burn is based on the number of blocks produced each quarter. Within the last seven days, the real-time burn has even been instrumental in the destruction of 939 BNB, which is worth $577,838. So far, it has incinerated almost $160 million worth of coins. In Q1 2025, the quarterly auto-burn destroyed 1.57 million BNB worth $1.01 billion. Earlier Tuesday, BNB hit $620, marking a 20% rise from its March lows and only 22% lower than its all-time high (ATH). Still, analysts and market observers have hinted at the possibility of BNB continuing to rise. Their bullish target is a key resistance level at $790 Other Milestones in the Binance Coin Ecosystem At this level, this cryptocurrency has successfully outperformed Bitcoin (BTC), Cardano (ADA), Solana (SOL) and other Layer-1 digital assets. This sentiment is strongly attributed to its impressive ecosystem growth. Meanwhile, the coin has seen some fluctuations since then, causing it to lose a few gains. According to CoinMarketCap data, BNB is currently trading at $608.89, corresponding to a 0.39% increase in the last 24 hours. As part of its ecosystem growth, BNB’s Total Value Locked (TVL) reached $5.17 billion last month, per data from DeFiLlama . This coincides with the period when other popular L1 networks lost their assets. In addition, on-chain data shows that BNB’s Decentralized Exchanges (DEXes) handled more than $43 billion in volume in the same March. BNB is topping the charts compared to other altcoins because of its deflationary nature. BNB And Other Crypto For Global Crisis Relief In related news, former Binance CEO Changpeng “CZ” Zhao supported earthquake relief efforts in Thailand and Myanmar. He offered 500 BNB in donations to each of these countries following a 7.7 magnitude earthquake that struck on March 28. Sadly, this natural disaster left widespread destruction and hundreds of casualties. This move highlights the growing use of cryptocurrencies for global crisis relief . Crypto’s borderless nature, low transaction fees, and near-instant settlement times make it a preferred option for such events. The post Binance Coin Hints Potential Price Breakout, Here’s Why appeared first on TheCoinrise.com .
Dogecoin buyers have returned to the market, catalyzing a 7.3% surge in DOGE’s price within just 24 hours. After hitting a two-week low, the renewed interest in Dogecoin comes as
Cardano aims to enhance Bitcoin DeFi interactions significantly. Planned innovations focus on improving user experience and technical integration. Continue Reading: Charles Hoskinson Reveals Cardano’s Ambitious Plans for Bitcoin DeFi Interactions The post Charles Hoskinson Reveals Cardano’s Ambitious Plans for Bitcoin DeFi Interactions appeared first on COINTURK NEWS .
Bitcoin Magazine Bill That Authorizes Texas Comptroller To Invest $250 Million Into Bitcoin Moves To Committee 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 sponsored by two Democratic Congresspeople — Rep. Ron Reynolds and Mihaela Plesa. Under the proposed legislation, Texas’ comptroller would have the power to invest funds (up to $250 million, as mentioned) from the state’s Economic Stabilization Fund — colloquially referred to as the state’s “Rainy Day Fund”, which was created to serve as a savings account for the state and to prevent sudden notable cuts to schools, health care, or other vital state services — into bitcoin and/or other cryptocurrencies. It also authorizes municipalities or counties to invest up to $10 million of its funds or funds under its control into bitcoin and/or other cryptocurrencies. If the bill were to become law, it would take effect on September 1, 2025, which would provide state- and local-level government officials time to formulate an investment strategy as well as devise a plan for custody. According to Bitcoin Laws , H.B. 4258 is one of eight currently active bitcoin- or crypto-related bills that have been introduced to either the Texas Senator or the state’s House of Representatives. Of the eight bills, it’s the fifth to move to committee. Four of these bills, including this current bill, would authorize the state to put bitcoin on its balance sheet in some fashion. The other three — H.B. 1598 , Senate Bill (S.B.) 21 and S.B. 778 — all call for Texas to establish a Strategic Bitcoin Reserve (SBR). These three SBR bills are all in committee, with S.B. 21 now in its second round of review by committee. The bill recently passed the state Senate with a 25-5 vote. Texas remains the state with the second highest number of active bitcoin- and crypto-related bills, trailing behind only Arizona, which has nine active bills, three of which are close to being enacted into law. The state continues to be one of the most Bitcoin-friendly states in the United States, as not only is it friendly to Bitcoin in a legislative sense, but it is currently home to approximately one-third of the U.S.’s total Bitcoin mining hash rate . This post Bill That Authorizes Texas Comptroller To Invest $250 Million Into Bitcoin Moves To Committee first appeared on Bitcoin Magazine and is written by Frank Corva .