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Republican Texas Sen. Ted Cruz is reintroducing legislation to repeal a provision that expanded reporting requirements for cryptocurrency firms.
A governor’s commission said it is an “important technological innovation,” and recommended the state play a robust regulatory role to support its growth.
The high-profile recent collapse of FTX might have tainted cryptocurrency trading platforms for many, but it isn’t slowing advocates’ plans to make Texas a leader in the still-growing industry.
Despite the high-profile collapse of crypto trading platform FTX, the Legislature’s Work Group on Blockchain Matters has established a master plan to propel the state to the forefront of the $5 billion industry.
As Web3 and blockchain technology continue to fuel a thriving new age industry, leaders in policy and practice are seeking to champion Web3-friendly political officials and policy...