A similar bill, SB1373, to establish a state-level digital assets reserve, passed with 37 lawmakers in favor and 19 voting nay.“This bill basically takes the approach that probably 15 other states are considering the same legislation nationwide that allows the treasurer to invest up to 10% into, probably mainly Bitcoin but other things as well,” said State Representative Jeff Weninger on SB1025.“I think this probably would start as a ‘may’ for the foreseeable future, but as things continue to pivot towards Bitcoin and these things, would have that already in place in the future.”Voting for SB1025 in the Arizona House of Representatives on April 28.
Today in crypto, a crypto group petitioned the White House to drop charges against crypto devs, including Tornado Cash’s Roman Storm, Arizona’s House passed two crypto reserve bills, and Coinbase launched a Bitcoin Yield Fund for institutional investors.
The group urged President Donald Trump “to take immediate action to discontinue the Biden-era Department of Justice's lawless campaign to criminalize open-source software development.” They said that in Storm’s case, who was charged in August 2023 with helping launder over $1 billion in crypto through Tornado Cash, the Department of Justice is attempting to hold software developers criminally liable for how others use their code, which is “not only absurd in principle, but it sets a precedent that potentially chills all crypto development in the United States.”Source: DeFi Education FundThe petition has so far attracted over 250 signatures from industry executives and developers.
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Author / Journalist: Cointelegraph by Cointelegraph
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