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The Strategic Digital Assets Reserve bill establishes a fund overseen by the state treasurer to hold bitcoin confiscated by law enforcement and money allocated by the legislature. Under the bill, the treasurer may invest up to 10% of the fund’s deposits in bitcoin annually and possibly loan them to generate returns, provided such actions do not heighten financial risks. SB 1373 differs from a related proposal, SB 1025, which seeks to allow state entities to invest public funds in bitcoin. Instead, SB 1373 focuses on managing assets already in state custody, such as those seized during criminal investigations. The Senate’s narrow approval reflects bipartisan contention over the state’s role in handling volatile digital currencies. Sponsored by Republican Sen. Mark Finchem, the bill aligns with broader efforts by states like Utah to integrate cryptocurrencies into public finance. Proponents argue the fund could generate revenue through strategic investments while streamlining management of seized assets. Critics, however, question the risks of state involvement in crypto markets in general. This type of maneuver is also being looked into on the federal level. SB 1373 now faces scrutiny in the Arizona House, where amendments or further debate could shape its final version. If enacted, Arizona would join a small group of states hoping to experiment with frameworks for strategic bitcoin management. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

While the filing does not confirm a definitive launch, trademark experts note such actions often precede new ventures. If developed, the platform might combine a virtual world with non-fungible token (NFT) trading, featuring Trump-branded environments like digital replicas of Trump Tower or Mar-a-Lago. The organization’s prior NFT projects, including 2024 trading cards, suggest a framework for potential digital collectibles or virtual merchandise tied to the brand. No official announcements or timelines have been released, and the U.S. Patent and Trademark Office has yet to approve the application. Social media users first flagged the filing, which aligns with the Trump Organization’s history of securing trademarks in emerging sectors. Industry observers speculate the platform, if realized, could resemble metaverse hubs like Decentraland, The Sandbox, or Roblox, blending social interaction and virtual economies. Brand-centric elements, such as gamified quests for NFTs or virtual events, might distinguish it from competitors. However, such features remain completely hypothetical without confirmation from the U.S. President’s family organization. The filing mirrors broader corporate trends, with companies like Reebok and American Express pursuing metaverse-related trademarks. Yet, ethical and regulatory challenges could arise, given the Trump Organization’s political ties and past scrutiny over trademarks and meme coin launches. Trademark applications do not guarantee product launches, but they often indicate strategic intent. Market demand, cryptocurrency volatility, and regulatory hurdles would influence the platform’s viability. While the organization’s brand recognition may attract interest, further details depend on the trademark’s approval and development progress. 免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。

Texas policymakers have roughly $24 billion in sovereign wealth as the State’s Senate weighed passing Bitcoin reserve legislation. The Texas Senate Committee on Business and Commerce unanimously supported a bill to invest state surplus dollars into Bitcoin (BTC) as governments mulled crypto reserve adoption. Republican Charls Schwertner, chair of the Committee, scored a landslide 10-0 vote for his proposal titled the Texas Strategic Bitcoin Reserve and Investment Act. The State’s Senate will now consider Schwertner’s following overwhelming bipartisan backing. “Today’s vote was a critical first step in making a strategic investment in Texas’ financial future,” chair Schwertner said in a statement. Lawmakers could invest from the state’s $24 billion cash reserve, if approved by the Senate. You might also like: Second Bitcoin reserve bill introduced in Georgia, now without investment limit Over 20 U.S. states raced to pass BTC reserve laws, funneling taxpayer dollars to the largest cryptocurrency market cap. White Montana’s BTC reserve bill failed to clear a House vote, Arizona, Oklahoma, and Utah inched closer to passing laws. States see BTC as a way to diversify their sovereign portfolios. President Donald Trump’s return, as the first Bitcoin president, and crypto’s mammoth spending during the general elections, no doubt helped push the needle on state-level adoption. Read more: The list of US states embracing Bitcoin reserves is growing

A Montana man has been found guilty of conspiracy to launder over $2.4 million through cryptocurrency, the U.S. Attorney’s Office for the Eastern District of Texas announced Thursday. Randall V. Rule, 73, formerly of Kalispell, Montana, was convicted on all counts following a three-day trial before U.S. District Judge Jeremy D. Kernodle on Feb. 26. He was charged alongside Gregory C. Nysewander, formerly of Irmo, South Carolina, in a 2022 federal indictment. You might also like: Uniswap Wallet adds crypto off-ramping with Transak Romance, real estate and email fraud Prosecutors said Rule and Nysewander helped convert funds from scams — including romance fraud, business email compromises, and real estate scams — into cryptocurrency, which was then transferred to accounts controlled by foreign and domestic co-conspirators. Romance scams involve fraudsters befriending victims under the pretence of a potential love interest. These scammers pretend to form personal connections to gain victims’ trust and then exploit them financially. Scammers also use fake websites to trick victims into providing personal information or sending funds. Many of these sites mimic legitimate companies but have minor differences in their URLs. To evade detection, Rule and Nysewander allegedly misrepresented transaction details and misled financial institutions and cryptocurrency exchanges. “We will aggressively pursue cases against scammers and against those who facilitate their crimes by laundering the criminal proceeds,” said Acting U.S. Attorney Abe McGlothin, Jr. The U.S. Secret Service, which investigated the case, credited the prosecution team for protecting the country’s financial system. Rule faces up to 20 years in prison for each money laundering charge and up to five years for conspiracy to violate the Bank Secrecy Act. His sentencing date will be set following an investigation. You might also like: Bitcoin price down 12% this week as fear index plummets to 2022 levels

Grass token price rose for three consecutive days, reaching its highest level since Feb. 23 as network data activity increased. Grass (GRASS) surged to a high of $2.10, up 122% from its lowest point this year, giving it a market cap of over $500 million. The ongoing rally is driven by the amount of data scraped daily. After surpassing 1 million gigabytes on Feb. 15, the figure rose to a new high of 1.32 million gigabytes on Wednesday. This data has been on a strong upward trajectory, considering it started the year at 2,600 gigabytes. Grass has continued expanding its network by scraping over 109.7 million IP addresses and indexing 4.47 billion URLs since its inception. Grass data scrapped | Source: Grass You might also like: Bitcoin price down 12% this week as fear index plummets to 2022 levels The network has made significant efforts to achieve these metrics. It launched the Grass Sion upgrade earlier this month, enhancing its ability to scrape and process multimodal web data. The upgrade also improved its scraping algorithms, introduced horizontal computing scaling, and increased its scaling capacity to 1 petabyte per day. Grass Sion Upgrade– Network upgrade that significantly enhances @getgrass_io network's capability to scrape and process multimodal web data (text, images, and 4K video) at scale.– Improved scraping algorithms without additional compute, leading to a major increase in data… pic.twitter.com/yE6ZFU5VMB — R🐮 (@Ren_gmi) February 6, 2025 Grass plans to have a bigger year than in 2024, when its user base grew from 0.2 million to 3 million. In addition to the Sion upgrade, the developers aim to launch a standalone web app and deprecate the Chrome extension. Grass price forecast Grass price chart | Source: crypto.news The daily chart shows that the GRASS token price bottomed at $0.9130 in January before rebounding to the current level of $2. It has moved slightly above the 25-day moving average, a positive sign. Most importantly, Grass price has formed a megaphone pattern, characterized by two ascending and diverging trendlines. This pattern often signals a strong bullish breakout, which, in this case, would be confirmed if the price rises above the upper resistance level at $2.30. Such a breakout could signal further gains, potentially pushing the price toward its all-time high of $3.9170, representing a 96% increase from the current level. However, a drop below the lower support level of $1.60 would invalidate the bullish outlook. You might also like: LUNC price could surge 300% as burn rate soars, but there’s a catch