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Cryptocurrency custody firm Taurus, which counts the likes of Deutsche Bank and State Street among its clients, has expanded its footprint to Turkey.Taurus is now providing custody services to Istanbul-based BankPozitif, marking the first such time a Turkish bank has implemented institutional-grade …
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…
Texas Senate Bill 21 (SB-21), establishing a Bitcoin and cryptocurrency strategic reserve, passed the Texas Senate Banking Committee on Feb. 27 in a 9–0 vote and now advances to the Senate floor for further deliberation.The bill gives the Texas Comptroller of Public Accounts the authority to acquire…
State Street, a large custodian bank with a footprint in crypto, plans to launch a digital asset custody business next year, according to a report from The Information. The move represents something of a step change for Wall Street banks, which have so far been mostly unwilling to handle crypto dire…
Michigan's state representatives, Bryan Posthumus and Ron Robinson, proposed House Bill 4087, which, if approved, could allow Michigan to invest in cryptocurrencies such as bitcoin.“Michigan can and should join Texas in leading on crypto policy by signing into law my bill creating the Michigan Crypt…
Today in crypto, Onchain real-world assets (RWAs) are gaining traction as Bitcoin’s price struggles, with market commentators predicting total value locked (TVL) could hit $50 billion in 2025 as demand grows, Florida Republican Senator Joe Gruters proposed a portion of the state funds be invested in…
Utah is one step closer to potentially becoming the first US state with a Bitcoin reserve after advancing a strategic Bitcoin reserve bill through the House, which now heads to the Senate. “The ‘Strategic Bitcoin Reserve’ bill has officially passed the House in the state of Utah,” said Satoshi Actio…
According to Satoshi Action Fund CEO Dennis Porter, Utah is leading the race to establish a Bitcoin reserve in the US. Porter claimed that the state’s short legislative calendar encourages speedy action.Additionally, Utah has a digital asset task force that continues operations outside of the calend…
Illinois has become the latest US state to advance a Bitcoin strategic reserve bill, seeking to deploy the world’s first cryptocurrency as a financial savings technology.Introduced by Illinois State Representative John Cabello, House Bill 1844 (HB1844) proposes the creation of a strategic Bitcoin (B…
Former presidential candidate Vivek Ramaswamy praised Ohio's new strategic crypto reserve bill as powerful and thoughtful.Introduced by State Representative Steve Demetriou and backed by six co-sponsors, the bill, known as House Bill No. 18 , would allow the state treasurer to invest up to 10% of th…
Several states are gearing up to integrate Bitcoin into their financial strategies. As of January 17, 2025, seven US states have proposed establishing strategic BTC reserves.These initiatives reflect the growing acceptance of Bitcoin as a legitimate asset and align with broader conversations about a…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine Argentine President Javier Milei’s recent statements about maintaining a separation between crypto and the state and how this reveals a pivota…