Fun

News Feed - 2023-09-12 07:09:50

Tom Blackstone1 hour agoCrypto companies form Texas blockchain group to advocate for clear regulationsa16z crypto, Coinbase, Ledger, Bain Capital Crypto, Blockchain Capital, and Paradigm joined to advocate for clear regulations.295 Total views3 Total sharesListen to article 0:00NewsJoin us on social networksA group of crypto and blockchain firms joined together to create a Texas crypto advocacy group, according to a Sept. 11 announcement. The group is called “Crypto Freedom Alliance of Texas,” and is founded by a16z crypto, Coinbase, Ledger, Bain Capital Crypto, Blockchain Capital, and Paradigm. The group is promoting “the development of coherent and predictable regulations for digital assets in Texas.”#Crypto Freedom Alliance of Texas Launches to Support Clear Digital ... - Business Wire https://t.co/kn9LdN5zj1 pic.twitter.com/VzgqpEc0uC— Stock Market News (@Stock_Market_Pr) September 11, 2023


To further its goals, the Crypto Freedom Alliance will foster educational initiatives that will target government officials, corporations, non-profits, and other organizations in an effort to highlight the value of Web3 in the state of Texas, the announcement stated.


Cointelegraph met up with a16z crypto’s global head of policy, Brian Quintenz, at the Permissionless II conference in Austin to get further details on the new group. According to Quintenz, Texas is uniquely suited to become a haven for Web3 developers, but this necessitates forming an advocacy group to tackle issues in the state.


Related:Riot Platforms says Texas energy strategy reduced production costs by $31M


For example, Quintenz argued that decentralized autonomous organizations (DAOs) often need legal jurisdiction to operate. Texas is an attractive state, thanks to its adoption of the Uniform Code of Unincorporated Associations.


“Modifying the unincorporated association law that applies more generally to limited liability types of entities is a state issue, and there are only a few states that have adopted the Uniform Code of Unincorporated Associations […] Texas is one of them,” Quintenz stated.


However, small changes would need to be made to this code to allow DAOs to be recognized as legal entities:“One of the things we continue to try to do is to advocate and educate around creating a legal entity for DAOs that makes some changes to the unincorporated association framework but makes it more restrictive. We don’t want to just open it up to anybody and say ‘Oh, I’m a DAO.’ You can only really qualify for this if you’re a decentralized kind of organization.”


In addition to advocating for changes to the unincorporated association laws, Quintenz said the group would also push for crypto-friendly tax laws, bank charter laws and bank regulations. He considered Wyoming’s bank charter laws to be “a positive example” of what can be accomplished by crypto-friendly legislatures.


Texas is a popular hub for crypto mining in the U.S. Genesis Digital Assets bases most of its CPUs in Texas. On July 3, crypto mining firm Hut8 also moved 6,400 mining computers to the state.# Blockchain# Business# Texas# Bitcoin Regulation# DAO# texas bitcoin# RegulationAdd reactionAdd reactionRead moreHow to use index funds and ETFs for passive crypto incomeRon DeSantis’ falling polls: Could crypto lose its candidate?Saudi Arabia looks to blockchain gaming and Web3 to diversify economy

News Feed

This Week’s NFT Sales Slide, Bored Ape Market Cap Drops 21%, Floor Prices Sink Lower
This Week’s NFT Sales Slide, Bored Ape Market Cap Drops 21%, Floor Prices Sink Lower Non-fungible token (NFT) sales this week dropped 10.88% lower than the week prior. Roughly $1
'Epic sat' mined from fourth Bitcoin halving block sells for $2.1M
Brayden Lindrea3 minutes ago"Epic sat" mined from fourth Bitcoin halving block sells for $2.1MOne satoshi is currently worth $0.00065 — but some sats hold inherent “collectible value” in the Bitcoin ecosystem, cryp
Free TON Community’s Meritocratic Token Distribution Model to Revolutionize Tokenomics
Free TON Community’s Meritocratic Token Distribution Model to Revolutionize Tokenomics Free TON is a community driven PoS network with a focus on decentralized
Coinbase Now Supports Stellar and Chainlink Cryptocurrencies in New York
Cryptocurrency exchange Coinbase has announced that New York residents now have access to two cryptocurrencies launched for other jurisdictions months ago. In two tweets late on Wed
Telegram-linked Notcoin eyes 100% price rally after 210M NOT token burn
Yashu Gola10 hours agoTelegram-linked Notcoin eyes 100% price rally after 210M NOT token burnNOT’s price will likely undergo a major bullish reversal move in the coming weeks, supported by Notcoin’s initiatives to br
Helen Partz10 hours agoJapanese startup to use stablecoins and CBDC to link Asian countriesSoramitsu is developing a cross-border payment system that uses Cambodia’s CBDC and targets Japan, India, China and Southeast A
EverRise Brings Buyback Token and Ecosystem of dApps to Polygon and Ethereum
EverRise Brings Buyback Token and Ecosystem of dApps to Polygon and Ethereum press release PRESS RELEASE. Singapore, September 30, 2021. Less than three weeks after releasing its fi
Compound, Celer attack may have been caused by faulty migration system — DNS experts
Christopher Roark10 hours agoCompound, Celer attack may have been caused by faulty migration system — DNS expertsThe July 11 Compound and Celer attacks may have been rooted in a Squarespace migration, and blockchain ma
Paraguay’s proposed Bitcoin mining ban could cost it $200M a year
Brayden Lindrea4 hours agoParaguay’s proposed Bitcoin mining ban could cost it $200M a yearBitcoin mining has provided a “positive contribution to Paraguay’s trade balance,” and a ban could dent the economy, argu
Crypto Asset Trading Platform Bityard With Integrated Copy Trading Function Launched in USA
Crypto Asset Trading Platform Bityard With Integrated Copy Trading Function Launched in USA PRESS RELEASE. Bityard, a fairly new crypto exchange, currently focus
OFAC Sanctions 7 New Bitcoin Addresses Allegedly Associated With Iran-Related Ransomware Activities
OFAC Sanctions 7 New Bitcoin Addresses Allegedly Associated With Iran-Related Ransomware Activities The Treasury’s Office of Foreign Asset Control (OFAC) has published a spe
Riot subsidiary Whinstone US sues former JV partner over revenue flow
Derek Andersen2 hours agoRiot subsidiary Whinstone US sues former JV partner over revenue flowThe partners at the Texas facility had troubled relations almost from their start in 2020.473 Total viewsListen to article 0:0