Fun

Elon Musk says X and SpaceX headquarters will move to Texas

News Feed - 2024-07-17 06:07:00

Vince Quill2 hours agoElon Musk says X and SpaceX headquarters will move to TexasThe billionaire industrialist has an estimated net worth of $221 billion and owns Tesla, SpaceX, xAI, and the X social media platform.751 Total views25 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksOn July 16, Elon Musk announced that he would be moving the headquarters of X and SpaceX from California to Texas in response to Governor Gavin Newsom’s passage of Bill AB1955, which he criticized as anti-family. Musk also cited California’s hostile regulatory climate as a reason for the relocation. 


According to the billionaire, the X headquarters will move to Austin, Texas, and the SpaceX headquarters will move to Starbase, Texas.


Following his announcement, Musk remarked that he “Had enough of dodging gangs of violent drug addicts just to get in and out of the building” before commenting on the bill, which he says would prevent schools from notifying parents if their child identified as transgender."I did make it clear to Governor Newsom about a year ago that laws of this nature would force families and companies to leave California to protect their children."Source: Elon MuskCalifornia: hostile to crypto?


Musk has been a vocal supporter of cryptocurrencies in the past, though his position on Bitcoin mining changed in 2021. California has one of the strictest financial regulatory climates in the United States, which directly impacts crypto. 


In 2023, Gavin Newsom signed the “Digital Financial Assets Law,” which imposed strict reporting requirements and required entities and individuals to obtain a Department of Financial Protection and Innovation (DFPI) license to conduct certain crypto activities.


Related: Elon Musk’s X could face $200M EU fines over alleged DSA violations


The bill, which is set to take effect in 2025, also requires those holding the license to maintain business records and sensitive data for five years.


Earlier, in 2022, Newsom declined to sign a similar bill, arguing that this attempt to regulate crypto markets failed to create watertight regulations that would keep up with the evolving digital asset landscape.


More recently, a California judge allowed a lawsuit accusing Ripple of selling unregistered securities to move forward despite an earlier ruling from Judge Analisa Torres, which established that secondary sales of XRP (XRP) did not constitute securities sales. The ruling was based on the view that XRP tokens do not meet the Securities and Exchange Commission’s criteria of security under the Howey test.


Judge Phyllis Hamilton’s approval of the case will leave it to a jury to decide whether Ripple CEO Brad Garlinghouse made "misleading statements" in 2017 regarding his public convictions toward XRP while simultaneously selling some of his holdings.


Magazine: ‘Holy shit, I’ve seen that!’ — Coldie’s Snoop Dogg, Vitalik and McAfee NFTs: NFT Creator# Twitter# Business# Elon Musk# RegulationAdd reaction

News Feed

Travala’s new Bitcoin rewards program targets top-tier travelers as BTC fever rises
Gareth Jenkinson10 hours agoTravala’s new Bitcoin rewards program targets top-tier travelers as BTC fever risesTop-tier members of Travala.com are set to earn 10% cashback rewards in Bitcoin on travel booking payments
EigenLayer’s EigenDA touts 10x cut in data prices
Alex O’Donnell6 hours agoEigenLayer’s EigenDA touts 10x cut in data pricesThe data availability protocol is also introducing a “free tier.”505 Total views19 Total sharesListen to article 0:00NewsOwn this piece of
Report: 100,000 Cubans Are Using Cryptocurrencies to Bypass Financial Sanctions
Report: 100,000 Cubans Are Using Cryptocurrencies to Bypass Financial Sanctions On May 2, 2022, a report stemming from the broadcast television and radio network the National Broad
Canadian Regulator Alerts Police to Tweets by Coinbase and Kraken Advocating Non-Custodial Wallets
Canadian Regulator Alerts Police to Tweets by Coinbase and Kraken Advocating Non-Custodial Wallets Canada’s securities regulator has flagged tweets by Coinbase CEO Brian Arm
Shark Tank Star Kevin O’Leary Buys the Bitcoin Dip — Says Crypto ‘Desperately Needs Policy’
Shark Tank Star Kevin O"Leary Buys the Bitcoin Dip — Says Crypto "Desperately Needs Policy" Shark Tank star Kevin O’Leary, aka Mr. Wonderful, says he has bought the dip du
While Almost 80% of Russians Know Crypto, Only 6% Understand It Well, Survey Finds
While Almost 80% of Russians Know Crypto, Only 6% Understand It Well, Survey Finds The overwhelming majority of Russians in big cities are well aware of the term cryptocurrency but
Federal Reserve Bank President Says ‘Entire Notion of Crypto Is Nonsense’
Federal Reserve Bank President Says "Entire Notion of Crypto Is Nonsense" The president of the Federal Reserve Bank of Minneapolis, Neel Kashkari, says crypto exchange FTX isn̵
Marathon Purchases 10,000 Bitcoin Miners, Machines Will Max Out 100 Megawatt Montana Facility
Marathon Purchases 10,000 Bitcoin Miners, Machines Will Max Out 100 Megawatt Montana Facility On December 9, the Nasdaq-listed cryptocurrency mining company, Mar
Brayden Lindrea7 hours agoSleeping Bitcoin wallet stirs after 11 years, moving over $30MThe anonymous Bitcoin whale is up over 600,000% from their 2011 purchase of BTC at $4.92.11947 Total views224 Total sharesListen to
Arbitrum to unlock $2.32B in vested tokens on March 16
Ezra Reguerra11 hours agoArbitrum to unlock $2.32B in vested tokens on March 16Token Unlocks highlighted that Arbitrum will do a “Cliff Unlock,” where tokens are released in a lump sum at the deadline.3081 Total view
Biggest Movers: DOGE, LINK Fall to 10-Day Lows on Wednesday
Biggest Movers: DOGE, LINK Fall to 10-Day Lows on Wednesday Dogecoin fell to a ten-day low on Dec. 7, as the meme coin extended a recent decline, falling for a third consecutive se
World’s largest Bitcoin miner announces $250M raise to buy more Bitcoin
Zoltan Vardai12 hours agoWorld’s largest Bitcoin miner announces $250M raise to buy more BitcoinThe new raise is part of Marathon’s strategy to go “full hodl” and make Bitcoin a strategic reserve asset for the co