ChainCatcher news, according to a post by Watcher.Guru on X platform, Texas Governor Abbott has signed a law designating gold and silver as legal tender in "everyday" financial transactions.

ChainCatcher news, according to Cointelegraph, Texas has officially signed the SB1498 bill into law, allowing the state to seize Bitcoin and digital assets related to specific crimes. The seized assets will be deposited into a forfeiture fund.

ChainCatcher news, according to Coindesk, Texas Governor Greg Abbott has signed Senate Bill No. 21, officially establishing the first state-level Bitcoin reserve in the United States supported by public funds. Texas will allocate $10 million for the purchase of Bitcoin, distinguishing it from Arizona and New Hampshire, which only authorized but did not fund such initiatives. The accompanying bill HB 4488 also stipulates that the reserve cannot be diverted for general revenue purposes.

ChainCatcher news, according to Crypto Briefing, Texas Governor Greg Abbott has passed House Bill 4488 (HB 4488), which aims to protect certain state government funds, including any Bitcoin reserves created outside the state treasury, from being included in general revenue. The bill exempts the reserve fund and other special funds from the obligation to automatically dissolve in 2025.Texas Governor Greg Abbott has not yet made a decision on Senate Bill 21 (SB21). This bill would authorize Texas to invest in Bitcoin and other crypto assets with a market capitalization of at least $500 billion. Currently, only Bitcoin meets this threshold.Greg Abbott must sign or veto SB21 by June 22, as the bill was submitted to him on June 1. Since the bill was submitted just before the end of the legislative session, under Texas law, he must take action within 20 days after the adjournment.

ChainCatcher news, according to Cointelegraph, the sheriff of Jasper County, Texas, used cutting tools to forcibly dismantle a Bitcoin ATM, attempting to recover $25,000 defrauded from local residents. The victim's family fell victim to a scam involving impersonation of government officials, transferring money to the scammers through the machine. Sheriff Chuck Havard seized approximately $32,000 in cash from the machine based on a search warrant but admitted that the location of the scammers has not yet been determined. The ATM operator is Bitcoin Depot, and the incident has sparked controversy in the community, with some questioning the legitimacy of law enforcement actions. The sheriff emphasized that all resources will be used to combat scams targeting residents in the jurisdiction.

ChainCatcher news, according to a report by KTVT, a CNN affiliate, immigrant advocacy groups gathered on Monday at the Margaret Hunt Hill Bridge in downtown Dallas to show support for the protests in Los Angeles.The previous weekend, protests against the search of immigrants took place in Los Angeles. Video from the scene showed a large crowd holding signs and waving Mexican and American flags. Police cars lined the streets, and officers pinned some protesters to the ground. A tense standoff occurred between protesters and police in riot gear, with officers holding shields. Several demonstrators wearing headscarves and masks shouted obscenities.

ChainCatcher news, according to Cointelegraph, U.S. Congressman Brandon Gill from Texas is facing scrutiny for delaying the disclosure of a $500,000 Bitcoin transaction. These transactions may have violated the 45-day disclosure requirement set by the Stop Trading on Congressional Knowledge Act (STOCK Act). Gill disclosed two Bitcoin transactions on January 29 and February 27, each valued between $100,000 and $250,000, but both were several weeks past the disclosure deadline.It is noteworthy that the January transaction occurred shortly after Trump signed the digital assets executive order, while the February transaction took place on the eve of Trump's announcement of the "strategic Bitcoin reserve" plan. Gill also timely disclosed two Bitcoin transactions in May. According to the STOCK Act, delayed disclosures typically incur only a $200 fine. Gill currently serves as a member of the House Committee on Oversight and Government Reform, which is the main investigative body of the House of Representatives.

ChainCatcher news, Satoshi Action Fund co-founder Dennis Porter posted on X that Texas Governor Greg Abbott shared an article titled "Texas Pushes for Strategic Bitcoin Reserve: State Treasury Enters a New Era" on X. The article praises the Strategic Bitcoin Reserve (SBR) and describes the governor as a "staunch supporter of cryptocurrency." Greg Abbott is expected to sign the SBR into law.Previously reported, Texas passed the Strategic Bitcoin Reserve bill SB21, which was approved by a vote of 101 in favor and 42 against in its third reading, and it has now been submitted to the governor's office for signing.

ChainCatcher news, according to Bitcoin Laws, Texas has passed the strategic Bitcoin reserve bill SB 21, which was approved by a vote of 101 in favor and 42 against in its third reading, and is now submitted to the governor's office for signing.

ChainCatcher news, Texas has passed the "Texas Strategic Bitcoin Reserve and Investment Act," allowing the state to invest in Bitcoin (BTC). The bill has now passed its second reading and is awaiting the governor's approval to become law.

ChainCatcher news, according to Bitcoin Magazine, the Texas Senate Bill SB 21 will have its second reading in the state House of Representatives today (May 20). The bill was introduced by Senator Schwertner and others, with Representative Capriglione serving as the House sponsor, aiming to establish and manage the "Texas Strategic Bitcoin Reserve."The core content of the bill includes investing in cryptocurrencies and authorizing the state auditor to have investment authority over the reserve and other specific state funds.

ChainCatcher news, Satoshi Action Fund co-founder Dennis Porter stated that the Texas Strategic Bitcoin Reserve Bill SB 21 will undergo its second reading on May 20, which is a crucial procedure before the final vote. If it is not passed by the House before the recess on June 2, the bill will expire and must be reintroduced in the next session. The bill has previously been approved by the House committee.

ChainCatcher news, according to Bitcoin Laws, the Texas Strategic Bitcoin Reserve Bill SB 21 has passed the DOGE committee without amendments. The bill no longer needs to be submitted for review by other committees and is expected to enter the final voting stage.

ChainCatcher news, according to Jinshi reports, the vote to officially register the SpaceX Starship base in Boca Chica, Texas as the autonomous city "STARBASE" has passed with an overwhelming majority, with most of the 283 eligible voters in the area being SpaceX employees."STARBASE" serves as the launch site for SpaceX's collaboration projects with the U.S. Department of Defense and NASA, aiming to send astronauts to the Moon and even Mars.Musk retweeted the relevant post and stated, "Texas's STARBASE is now a real city."

ChainCatcher news, according to CoinDesk, U.S. Congressman Lance Gooden from Texas has written to the General Services Administration (GSA), suggesting the installation of cryptocurrency ATMs in federal government buildings. Gooden stated in the letter that this move would serve as a public education resource, showcasing advancements in financial technology and aligning with President Donald Trump's vision of positioning the U.S. as a leader in the field of cryptocurrency and blockchain technology.

ChainCatcher news, according to CoinDesk, the U.S. District Court for the Western District of Texas has made a final ruling, determining that the Department of the Treasury's Office of Foreign Assets Control (OFAC) acted unlawfully in sanctioning Tornado Cash, permanently prohibiting it from imposing sanctions on the mixer. This marks the conclusion of a two-year legal dispute with a victory for the privacy protocol party.Court documents show that although OFAC voluntarily removed Tornado Cash from the sanctions list in March 2024, Judge Robert Pitman noted its intention to potentially reimpose sanctions in the future and emphasized that "the ruling of the Fifth Circuit Court of Appeals must be enforced." The six plaintiff attorneys in the case had accused OFAC of attempting to evade judicial review through technical maneuvers.It is worth noting that two developers of Tornado Cash, Roman Storm and Roman Semenov, still face criminal charges from the U.S. Department of Justice, which remains on the OFAC sanctions list. The ruling only pertains to the protocol itself and does not involve judicial proceedings against the developers.

ChainCatcher news, according to Cointelegraph, the Texas House will hold a public hearing on the "Bitcoin Strategic Reserve and Investment Act" on April 23.