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🇺🇸 NEW: US Dept. Labor has rescinded anti-Bitcoin 401k guidance The 2022 guidance directed fiduciaries to exercise "extreme care" before adding Bitcoin and digital assets to 401k plans. U.S. Secretary of Labor Lori Chavez-DeRemer said they're "rolling back this overreach."

🇺🇸 NEW: US Digital Asset Market Structure bill, the CLARITY Act: 1. Clarifies CFTC vs. SEC (defining commodities & securities). 2. Unified federal licensing and registration regime. 3. Stablecoin and DeFI carve-outs.

🇺🇸 TEXAS Bitcoin Reserve Update: The House has voted to adopt the Conference Committee report (110-25) on Bitcoin Reserve bill SB 21. Meaning it has accepted all final changes to the bill. Following an equivalent vote in the Senate, the bill goes to the Governor for signing.

🇺🇸 TEXAS Bitcoin Reserve Update: The Senate has voted to adopt the Conference Committee report (24-7) on Bitcoin Reserve bill SB 21. Both chambers have now adopted the report, meaning the bill can (finally) go to the Governor's desk for signing. Texas SBR incoming.

🇺🇸 JUST IN: California Assembly passes bill to allow the state to receive payments in Bitcoin and digital currencies. It passed 68-0, and now heads to the Senate.

🚨California’s AB 1052 does NOT mean the government will seize your Bitcoin. It applies unclaimed property rules to inactive exchange accounts, requiring assets be held (not sold) by the state. Your Bitcoin stays Bitcoin and can be reclaimed anytime.

Follow Assemblymember Avelino Valencia as he charts a new path for Bitcoin and digital assets in the most important state in a nation. The 4th largest economy in the world. The state of California!