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Crypto hits roadblocks in US š§
Multiple U.S. states have shot down Bitcoin reserve bills, while federal lawmakers are pushing back their timeline for crypto legislation.
Stephen Graves
February 27, 2025
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š What you need to know
Although the recent U.S. election saw the incoming Trump administration throw its weight firmly behind crypto, progress in several areas appears to be slowing.
Lawmakers have delayed their timeline for passing digital assets market structure legislation, abandoning newly appointed crypto czar David Sacksā vow to pass it during the administrationās first 100 days.
Meanwhile, at the state level, plans to establish strategic Bitcoin reserves have stalled, with five states rejecting bills to invest public funds in the cryptocurrency.
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š¬ Quote of the Day
āMany members of the Senate are still trying to wrap their heads around āWhat is a Bitcoin? What is a digital asset? What is a stablecoin?āā
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