
Arizona took a significant step toward becoming a national leader in digital asset policy with the passage of the Strategic Digital Assets Reserve Bill (SB 1373) out of a House committee. Arizona Moves Forward in Crypto Legislation Race as SB 1373 Clears House Committee The bill now heads for a third reading and a full vote before heading to Gov. Katie Hobbs` desk for final approval. SB 1373 proposes creating a state-managed strategic reserve fund for digital assets, leveraging legislative appropriations and crypto assets seized by law enforcement. Under the bill, the state treasurer would have the authority to manage the fund using qualified custody solutions or state-registered exchange-traded products and would also be able to lend out digital assets to generate additional returns. The bill sets limits on investment exposure by stating that not more than 10% of the fund can be allocated in a single financial year. The bill defines “digital assets” broadly to include Bitcoin, stablecoins, non-fungible tokens (NFTs) and other blockchain-based instruments that carry economic or access rights. SB 1373 is one of two high-profile digital asset initiatives advancing in the Arizona legislature. The other, SB 1025 — the Arizona Strategic Bitcoin Reserve Act, which passed the House on April 1 — would allow the state to invest up to 10% of state funds in virtual currency assets. Arizona’s crypto reserve is moving quickly through the legislative arena, leaving states like Texas and New Hampshire behind, according to research from Bitcoin Laws. Governor Katie Hobbs has vowed to veto all legislation until lawmakers agree on funding for disability services, creating uncertainty over the bills’ final approval. Still, Arizona’s progress signals growing momentum at the state level to integrate digital assets into public finance frameworks, as U.S. states increasingly turn to blockchain technology and cryptocurrencies as strategic economic tools. *This is not investment advice. Continue Reading: Arizona State of the USA Passed the Digital Assets Bill in the Parliament! Here are the Details
BitcoinSistemi
You can visit the page to read the article.
Source: BitcoinSistemi
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
Kraken Launches FX Perpetual Futures With 20x Leverage on EUR, GBP Pairs

Crypto exchange Kraken has launched FX perpetual futures (FX perps) on its Kraken Pro platform, introducing real-time trading for EUR/USD and GBP/USD pairs with up to 20x leverage. These instruments, pegged to Dxfeed’s Composite Forex Index, offer continuous trading without expiration and function like traditional crypto perpetuals but are tailored for forex. Kraken aims to BitcoinSistemi

State of Oregon Prepares Lawsuit Against Coinbase After Withdrawal of Federal SEC Case
This comes after the Securities and Exchange Commission (SEC) withdrew its federal lawsuit against the exchange. Coinbase general counsel Paul Grewal stated that the pending lawsuit is an exact ”copy” of the SEC`s 2023 lawsuit against the exchange, which the federal agency agreed to withdraw in February. ”In case you think I’m jumping to conclusions, the AG’s office made it clear to us that they are literally picking up where the Gary Gensler SEC left off. Seriously. This is exactly the opposite of what Americans should be focused on right now. We’ve never been closer to bipartisan legislation for digital assets and this backward lawsuit does nothing to protect consumers or solidify American leadership.” Grewal added. The lawsuit shows that the crypto industry still faces regulatory hurdles at the state level, despite several legal victories at the federal level. Opposition from state regulators could fragment cryptocurrency regulation in the U.S. and make it difficult to form a unified national policy. Several US states have withdrawn lawsuits against Coinbase following the SEC`s action The SEC has changed its stance on cryptocurrencies following the resignation of former Chairman Gensler in January. His departure sparked a wave of withdrawn lawsuits, enforcement actions and investigations against cryptocurrency companies including Coinbase, Uniswap and Kraken. Several U.S. states followed the SEC`s lead and also withdrew their lawsuits against Coinbase in the first quarter of this year. Vermont, one of 10 U.S. states that filed lawsuits against the exchange, withdrew its lawsuit on March 13. The legal ruling specifically cited the SEC`s change in regulatory approach and the agency`s creation of a cryptocurrency task force as reasons for withdrawing the suit. South Carolina rejected its lawsuit against Coinbase two weeks after Vermont withdrew its lawsuit against the exchange. The Kentucky Department of Financial Institutions became the third state-level regulator to dismiss a lawsuit against Coinbase, dismissing the litigation on March 26. Despite the legal victory, Grewal called for the federal government to end its state-by-state approach to regulating cryptocurrencies and focus on adopting clear market structure policies at the federal level. BitcoinSistemi