The US state of Louisiana has reportedly passed a bill in support of Bitcoin that aims to protect access to the asset and limit central bank digital currencies (CBDC).
The move coincides with another state that also enshrined Bitcoin rights into law.
Louisiana Governor Jeff Landry signed the pro-Bitcoin bill after bipartisan approval from both the House of Representatives and the Senate.
This legislation, introduced by Representative Mark Wright and Senator Jean-Paul Cousin, aims to facilitate easier access to Bitcoin while imposing restrictions on CBDC.
The new law ensures that individuals can securely hold Bitcoin and allows businesses to use and accept BTC without facing legal obstacles.
Additionally, the law prohibits Louisiana from accepting payments in CBDC and supports mining Bitcoin in industrial areas to attract investment and boost the state’s economy.
South Korea’s top financial watchdog has issued informal guidance urging local asset managers to scale back their investments in crypto-related stocks, according to a Korean Herald report.
In a surprising move on Tuesday, the U.S. Securities and Exchange Commission (SEC) initially approved Bitwise’s proposal to convert its cryptocurrency index fund into a full-fledged exchange-traded fund (ETF)—only to halt the decision just hours later.
Senators Tim Scott, Cynthia Lummis, Bill Hagerty, and Bernie Moreno (R-OH) have released a discussion draft of a new digital asset market structure bill—framed as the Senate counterpart to the CLARITY Act.
Five major banking associations are urging the Office of the Comptroller of the Currency (OCC) to delay approval of new national trust bank charters for digital asset firms, including Ripple, Fidelity Digital Assets, National Digital TR CO, and First National Digital Currency Bank.