BlockBeats News, July 1st, according to Bitcoin Laws, Connecticut Governor Ned Lamont today officially signed the state's "Bitcoin Reserve Ban" bill.Connecticut is now prohibited from accepting, holding, or investing in any digital assets.

BlockBeats News, June 30th, according to Cointelegraph, Texas Governor Greg Abbott signed legislation designating gold and silver as legal tender for everyday transactions.

Texas is the first state to establish an independent, publicly funded Bitcoin reserve fund, having currently allocated $10 million to purchase Bitcoin.

BlockBeats News, June 25th, according to Bitcoin Laws, Arizona has passed the "Bitcoin Reserve" bill HB2324. The bill aims to establish a reserve for holding assets obtained through criminal asset forfeiture.If Governor Hobbs signs the bill, it will become Arizona's second officially enacted reserve-related bill.

BlockBeats News, June 24th, According to Cointelegraph, Texas has officially signed SB1498 into law, allowing the state to seize Bitcoin and digital assets associated with specific crimes. The seized assets will be deposited into a forfeiture fund.

BlockBeats News, June 24th, according to CoinDesk, Texas Governor Greg Abbott signed the Senate Bill 21 over the weekend, making Texas the first state in the United States to establish an independent Bitcoin reserve supported by public funds. The bill requires the state government to establish a Bitcoin reserve managed separately from the main financial system, and Texas has thus joined the ranks of a few but increasingly growing number of states exploring digital asset reserves.Unlike Arizona and New Hampshire, which only passed similar legislation, Texas not only authorizes the establishment of this reserve but also provides actual funding support. The state government will allocate $10 million to purchase Bitcoin to bolster this reserve.

BlockBeats News, June 22nd, according to Bitcoin Laws, Texas Governor Greg Abbott signed the "Bitcoin Reserve Bill" SB 21, making it officially a law.Texas is now the third state to have a Bitcoin reserve.Prior to this, Texas Lieutenant Governor Dan Patrick announced that the Texas Strategic Bitcoin Reserve Bill had received bipartisan support, which will create a fund managed by the state government and will only invest in a cryptocurrency with an average market value of at least $500 billion in the past 12 months and is eligible for state budget appropriations. In addition, the bill also establishes the Strategic Bitcoin Reserve Advisory Council to provide guidance for fund management and requires a biennial report on holdings.

BlockBeats News, June 21st, Texas Governor Greg Abbott passed House Bill 4488 (HB 4488), which aims to protect certain state government funds, including any Bitcoin reserves held outside the state treasury, from being counted as general revenue. The bill exempts this 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). The bill would authorize the state of Texas to invest in Bitcoin and other crypto assets with a market value of at least $500 billion. Currently, only Bitcoin meets this threshold.Greg Abbott must sign or veto SB21 by June 22nd, as the bill was presented to him on June 1st. Since the bill was submitted as the legislative session was coming to a close, under Texas law, he has 20 days after adjournment to take action. (Texas.gov)

BlockBeats News, June 20th, according to Cointelegraph, the Arizona Bitcoin Reserve Bill HB 2324 passed the Senate with a vote of 16 in favor and 14 against, and has been sent to the House for deliberation. This bill allows the state government to establish a digital asset reserve using confiscated digital assets.

BlockBeats News, June 19, according to a report by Bitcoin Magazine, the Ohio House of Representatives has passed a bill to exempt tax fees on Bitcoin payments under $200.