Monday, April 24, 2023

Texas House Passes Bill Requiring Crypto Assets To Have Reserves


The Texas House of Representatives has voted to pass a new bill that would require crypto exchange platforms operating in the state to prove they have reserves to back up their assets.

According to a new press release by The Chamber of Digital Commerce, a blockchain advocacy group, the Texas House of Representatives passed HB1666 on April 20th with the aim of rebuilding trust in the industry.

(Full story HERE
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