The United States Strategic Bitcoin Sparks Reserve Increased encryption organization

The establishment of the American Bitcoin Strategic Reserve has sparked a wave of legislative and regulatory measures throughout the country. Countries such as Massachusetts and Nebraska explore new measures to organize and protect cryptocurrencies.

Since state governments are looking to expand their participation in space – whether by adopting bitcoin currencies as a value store or the adoption of Blockchain technology – these organizational moves indicate the increasing influence of governments in the encryption space.

The strategic bitcoin reserves are called in the United States

Last week, President Donald Trump signed an executive order To create the American Bitcoin Strategy Reserve and Digital Asset stocks. The move was a major shift in the federal government’s position towards the cryptocurrency.

It is worth noting, at the state level, at least 18 states They follow up on legislation for Create a bitcoin reserve. Moreover, state governments began exploring encryption laws to regulate industry and protect consumers.

In Nebraska, Governor Jim Bellin signed the law to prevent fraud on electronic records (LB609) in law. This is a draft law Regulates transactions involved in digital assets Like encrypted currencies.

It imposes on the operators of the e -recorded e -records, licensed and revealing the risks, fees and fraud warnings for customers. LB609 also requires the use of Blockchain analyzes to detect fraud and defines the money recovery policies for customers within 30 days.

“The encrypted currency is an emerging task industry, and we worked hard to build Nebraska in the commander of an encrypted currency,” the governor of Bellin I mentioned.

He also emphasized that a major part of these efforts is to ensure protection to prevent criminals from exploiting Nebraskan.

Meanwhile, in the state of Massachusetts, government actress Kate Liberaby has suggested legislation to establish a committee to explore the impact of Blockchain technology and coding currency on the state.

H88 Bill, entitled “A Law creates a special committee on Blockchain and Cryptocurrency.”

“A special committee has been created for this for the purposes of an investigation in relation to Blockchain technology to develop a major plan for recommendations to enhance the appropriate expansion of Blockchain technology in the Commonwealth,” invoice Read.

This shows the formation of a committee of 25 members, including legislators, business representatives and Blockchain experts. The main areas of concentration include a feasibility assessment and risk of Blockchain adoption in the government and business.

The effect of the encrypted currency will also evaluate State revenues and taxes And explore the possibility of regulating energy consumption Associated with coded currency mining. Another important focus is consumer protection and the promotion of technological literacy around Blockchain and encrypted currency. Finally, the committee will determine the best practices to ensure that Blockchain technology can benefit the state and its inhabitants.

Massachusetts also studies a separate invoice To create a strategic bitcoin reserve. This would allow the Secretary of the State Fund Invest up to 10 % of the money In the Commonwealth Stability Fund in Bitcoin or other digital assets. On the other hand, Nebraska currently does not have such legislation.

Legislative efforts are also gaining strength, Governments are increasingly cooperating With the exchange of cryptocurrency to move in these new limits. CEO Coinbase Brian Armstrong Recently, the increasing participation between encryption companies and government agencies was recently highlighted.

“In the aftermath of the American strategic bitcoin reserves, we see a lot of attention”, Armstrong to publish.

He participated that the company had a partnership with 145 government entities in the United States, covering federal, state and local levels. In addition, it works with 29 international government agencies.