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State Regulators Warn Crypto Bill May Hinder Prosecution

by admin October 4, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Multiple state authorities shared concerns about the upcoming crypto market structure legislation and its impact on their ability to prosecute fraudsters in crimes related to digital assets.

State Regulators Sound The Alarm Over Crypto Bill

Regulators from Alabama to Montana sounded the alarms over the highly anticipated crypto market structure bill, warning that it may “diminish their ability to pursue wrongdoers,” Bloomberg reported on Thursday.

Amanda Senn, director of the Alabama Securities Commission, told the news media outlet that the Senate’s draft of the legislation, the Responsible Financial Innovation Act, does not give state-level regulatory agencies implicit authority to supervise digital asset companies.

This oversight could mean that these authorities may not be able to prosecute offenders for fraud. Meanwhile, Federal enforcement against crypto companies has significantly decreased since the Trump administration took office in January.

Multiple federal regulatory agencies, including the Securities and Exchange Commission (SEC), Department of Justice (DOJ), and the Commodity Futures Trading Commission (CFTC), have shut down or reduced their digital asset-related enforcement units, dismissing most cases and investigations against crypto firms.

According to Cornerstone Research data cited by Bloomberg, the SEC had initiated nine crypto-related enforcement actions by the end of August, a significant drop from the 47and 33 actions taken in 2023 and 2024, respectively. At this pace, 2025 could see the lowest crypto-related enforcement actions since 2017.

“The dam is going to break,” Senn argued. “If you don’t have the states paying attention and prosecuting fraud, nobody is looking out.”

Montana State Auditor James Brown warned that the bill’s changes to the definition of an investment contract could “let criminals wiggle out of being prosecuted.” “What we are hearing from people, with all the national talk about the benefits of digital currencies and the theory that you are going to get rich quick, you’ve got two factors that lead to easy fraud,” Brown added.

State Anti-Fraud Protections In Danger?

State regulators have proposed changes to the market structure bill, which is expected to go into markup after late October. Some state officials explained that the Senate’s current draft language would not require crypto businesses to register with states or respond to their inquiries.

Additionally, the legislation would change the federal definition of an investment contract, adding new conditions and elements. In September, the North American Securities Administrators Association (NASAA) sent a letter to multiple Senators, warning them that Congress must preserve state anti-fraud enforcement authorities in the upcoming crypto bill.

The association argued that “it is critical that the resulting framework preserve state anti-fraud protections,” as they protect investors and are “essential in the ongoing fight against online scams.” To achieve this, NASAA offered two recommendations to the lawmakers.

First, they suggested that lawmakers reject provisions that redefine the investment contract test, explaining that “upending decades of securities law as contemplated in Section 105 will have devastating effects on anti-fraud efforts by adding so many elements and conditions to the investment contract analysis that form, not substance, will determine whether regulators can take action.”

Second, they recommended that Congress enact the Support Anti-Fraud Enforcement (SAFE) Act to ensure states have the anti-fraud authority necessary to respond to residents’ complaints involving digital assets.

Despite the concerns, some industry players disagree that the market structure bill will hinder state authorities’ ability to prosecute bad actors. Some suggest that regulators will be able to pursue criminals “in the name of consumer protection.”

“I do understand why a state would be worried about it, in particular if the federal system doesn’t engage in any enforcement,” Mauro Wolfe, leading partner of Duane Morris’s Digital Assets and Blockchain Group, told Bloomberg. “I do think this will be an area where defense lawyers will say the states can’t do it, and it will be litigated,” he concluded.

Bitcoin (BTC) trades at $120,863 in the one-week chart. Source: BTCUSDT on TradingView

Featured Image from Unsplash.com, Chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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October 4, 2025 0 comments
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Kill Bill Returns To Theaters As One Big 4 Hour Movie
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Kill Bill Returns To Theaters As One Big 4 Hour Movie

by admin October 2, 2025


Two of director Quentin Tarantino’s most popular and successful movies, Kill Bill Vol. 1 and Kill Bill Vol. 2, are merging back into one large 4-hour movie as first envisioned. This longer, uncut version will arrive in theaters nationwide in December with 70mm and 35mm showings in some select locations.

On October 1, Lionsgate and Tarantino announced plans to combine both volumes of Kill Bill into one large movie. Technically, the director behind Pulp Fiction and Django Unchained has shown a version of Kill Bill Vol 1 and Vol 2 edited together at past events. But the Whole Bloody Affair will be the first time that general audiences around the country will get a chance to see the two action-packed revenge movies starring Uma Thurman like this.

“I wrote and directed it as one movie — and I’m so glad to give the fans the chance to see it as one movie,” said Tarantino. “The best way to see Kill Bill: The Whole Bloody Affair is at a movie theater in glorious 70mm or 35mm. Blood and guts on a big screen in all its glory!”

The Whole Bloody Affair arrives in theaters over 22 years after Kill Bill Vol. 1 was first released in 2003. That gory martial arts movie told the first half of the tale of Thurman’s Bride, who seeks revenge after a group of assassins ambushes her wedding and tries to kill her. Originally, Vol. 1 ended with a cliffhanger ending that was resolved in Kill Bill Vol. 2, released the following year in 2004. And that movie started with a recap of what happened in the first film. Both the recap and the cliffhanger have been removed from this version to create a more seamless one-film experience. This new version also includes a new seven-minute animated sequence.

Tarantino’s Kill Bill: The Whole Bloody Affair arrives in theaters on December 5. It has a runtime of around 4 hours and 18 minutes.



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October 2, 2025 0 comments
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Wisconsin Bill Seeks to Exempt Crypto Activities From Money Transmitter Laws

by admin September 30, 2025



In brief

  • Wisconsin’s Assembly Bill 471, introduced Monday, would exempt crypto users from licensing when accepting payments, using self-hosted wallets, running nodes, developing software, and staking.
  • The bill would prohibit state agencies and local governments from restricting these fundamental blockchain activities.
  • The move follows Wisconsin’s $300 million Bitcoin ETF liquidation in Q1 2025 and Democrats’ bills targeting crypto kiosk fraud.

Wisconsin lawmakers introduced legislation Monday that would shield crypto users and businesses from state licensing requirements, just months after the state dumped its entire $300 million Bitcoin ETF stake.

Assembly Bill 471, a moderate bipartisan measure with nine sponsors, would exempt individuals and businesses from money transmitter licensing when accepting cryptocurrency payments, using self-hosted wallets, running blockchain nodes, developing software, or participating in staking operations.

The bill was referred to the Committee on Financial Institutions, where it now awaits review. The legislation explicitly bars state agencies and political subdivisions from prohibiting or restricting these activities.



The measure would create exemptions for anyone “operating a node or a series of nodes on a blockchain,” “effectuating the exchange of one digital asset for another digital asset if there is no exchange of digital assets for legal tender,” “developing software on a blockchain,” or engaged in “digital asset mining or staking,” according to the bill text.

Under the legislation, state agencies and local governments wouldn’t be able to “prohibit, restrict, or otherwise impair” residents from accepting digital assets as payment or taking custody of crypto “using a self-hosted wallet or hardware wallet.”

“If this bill passes, it’ll help attract more crypto-native businesses to Wisconsin—think DEXs, staking providers, and other fully on-chain platforms,” Ruchir Gupta, co-founder of Gyld Finance, told Decrypt. “Just as importantly, it sets a useful precedent for other states by showing what regulatory clarity can look like.”

Gupta cautioned the legislation wouldn’t fundamentally transform crypto operations since “most providers operate across multiple states and will still be subject to FinCEN registration and compliance.”

He noted the bill “doesn’t really impact banks and payment processors,” since on- and off-ramps continue to operate under existing money transmitter licenses.

Wisconsin and crypto

In May, SEC filings revealed that the State of Wisconsin Investment Board quietly liquidated its entire $300 million stake in BlackRock’s iShares Bitcoin Trust during Q1 2025, just ahead of tariff-driven market turmoil that sent Bitcoin below $75,000.

In August, the state’s Democratic lawmakers introduced twin bills requiring money transmitter licenses for crypto kiosks, citing a 99% surge in fraud complaints that cost victims nearly $247 million in 2024.

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September 30, 2025 0 comments
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Crypto Market Structure Bill: Democrat Senators Push For Bipartisan Authorship

by admin September 21, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

After the Senate Banking Committee advanced the GOP-led legislation on the crypto market structure, a growing number of Democratic senators have stepped forward to demand the chance to actively contribute to one of the most potentially important digital asset regulations. This development comes as the crypto regulatory framework remains center stage in the US Congress, following President Donald Trump’s adoption of a crypto-friendly administrative stance.

Crypto Structure Bill Gathers Traction

Notably, the present crypto market structure bill is led by Republican senators, including Senate Banking Chair Tim Scott (R-S.C.), along with Cynthia Lummis (R-Wyo.), Bill Hagerty (R-Tenn.), and Bernie Moreno (R-Ohio). The updated discussion draft of the “Responsible Financial Innovation Act of 2025” was released in early September, introducing some key changes that sparked public interest. ‘

One of these changes is the proposal of a joint regulatory committee involving the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), as well as 14 non-government members from across the industry, academia, user base, and the National Institute of Science and Technology.

However, on September 9, popular crypto critic and Democrat Senator Elizabeth Warren (D-MA) shared heavy criticism of the GOP-led bill, citing a lack of sufficient consultation with Democrats or disclosure of industry feedback. She argues that partisanship and lack of transparency threaten both the integrity and effectiveness of the legislation. Following this development, the Democrats have since released their own version of the cryptocurrency regulatory framework, backing their call for bipartisan authorship.

The Demand For Shared Authorship

In a statement released on September 19, this group of 12 Democratic senators reaffirmed their desire to be more than bystanders in the crypto structure bill. Senators Ruben Gallego (D-AZ), Mark Warner (D-VA), Kirsten Gillibrand (D-NY), Cory Booker (D-NJ), Catherine Cortez Masto (D-NV), Ben Ray Luján (D-NM), John Hickenlooper (D-CO), Raphael Warnock (D-GA), Adam Schiff (D-CA), Andy Kim (D-NJ), Lisa Blunt Rochester (D-DE), and Angela Alsobrooks (D-MD) together called for a bipartisan authorship process matching the norm for legislation of this scale.

The statement read:

Last week, we released a framework on market structure legislation, highlighting our desire to work on this issue. As we stated then, digital assets are a $4 trillion global market that will require a considered and bipartisan approach to regulation.

We hope our Republican colleagues will agree to a bipartisan authorship process, as is the norm for legislation of this scale. Given our shared interest in moving forward quickly on this issue, we hope they will agree to reasonable requests to allow for true collaboration.

The Democratic proposed framework centers around seven key pillars, including clarifying regulatory jurisdiction, integrating digital-asset issuers and trading platforms into oversight, combating illicit finance and corruption, promoting fair regulation, and closing gaps in how non-security digital assets are regulated.

At press time, the total crypto market cap remains valued at $4.03 trillion following a 0.34% gain in the past day.

Total crypto market valued at $3.99 trillion on the daily chart | Source: TOTAL chart on Tradingview.com

Featured image from Flickr, chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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September 21, 2025 0 comments
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Best Crypto Presales to Buy After U.S. Bitcoin Reserve Bill Signals Bullish Supply Crunch
Crypto Trends

Best Crypto Presales to Buy After U.S. Bitcoin Reserve Bill Signals Bullish Supply Crunch

by admin September 21, 2025


Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Earlier this year, Donald Trump announced the formation of a U.S. Bitcoin strategic reserve, where the government would build its own stash of the token.

Now, a new bill, called H.R. 1566, has been passed which sets a 90-day deadline for the Treasury Department to come up with a plan to create and manage this fund.

  • The Treasury will need to submit a practicability report and a technical plan for custody and cybersecurity.
  • It will also have to work out how this reserve will be represented on the federal balance sheet, the role of the Forfeiture Fund, and a list of potential third-party custodians.

Even a modest U.S. Bitcoin Reserve could trigger a supply shock, pushing $BTC to new highs in the next few years.

Read on as we explain the impacts of the reserve on Bitcoin’s demand-supply dynamics – and point you toward the best crypto presales that could benefit.

The Supply Shock Math Explained

The U.S. Marshals Service already controls around 29,000 BTC that are ‘fully forfeited.’ In addition, there are about 198,000 $BTC across all U.S. agencies pending forfeiture.

Bitcoin miners currently generate about 450 $BTC a day, which comes to 40,500 $BTC over a 90-day period.

  • If the Treasury consolidates and locks the already forfeited 29,000 $BTC (Option 1), it would absorb 71% of the 90-day miner supply.
  • But that isn’t the only scenario under discussion. If instead 100,000 $BTC is locked (Option 2), it would create a stronger supply crunch with deeper absorption and tighter flow.

Add to this ETF inflows, which average around 20,000 $BTC over a 90-day period. Even conservatively, if the Treasury pursues Option 1, total demand would reach 59,000 $BTC over 90 days to satisfy both reserve and ETF requirements.

That would significantly reduce the free float available for HODLing and trading, tightening the market.

Still, this is just one way of looking at the situation. Simply transferring forfeited Bitcoin into a single wallet is only part of the story.

The Treasury might also adopt a regular purchasing schedule – daily, weekly, or monthly – similar to how gold reserves are managed. Such ongoing buying would steadily soak up free float and increase supply pressure.

The result: tokens absorbed faster than they can be mined, creating scarcity and ultimately a ‘supply shock.’ As basic economics teaches, when demand exceeds supply, prices rise, especially when supply cannot adjust to meet demand.

And Bitcoin is unique: unlike commodities such as oil or copper, it has a fixed lifetime cap of 21M tokens. That means no new supply can emerge, making any demand shock far more enduring.

The Global Ripple Effect

So far, we’ve only considered the U.S. Bitcoin Reserve. But other countries are also exploring their own $BTC reserves, including Poland, Brazil, El Salvador, and Bhutan.

A decisive U.S. move could trigger a ripple effect, spurring more governments to adopt reserve frameworks and worsening the supply squeeze.

The ultimate winner is Bitcoin itself. As the supply dwindles, scarcity will deepen, and the price will rise.

That’s why this may be one of the best times to buy Bitcoin. However, with $BTC already trading around $115K, there are slim chances of it churning out another 1000x rally.

Smarter investors, therefore, are turning to presale cryptos that could benefit from Bitcoin’s scarcity and price momentum. If you want to make the most of this shift, here are some of the best cryptos to buy right now.

1. Bitcoin Hyper ($HYPER) – Bring Solana-Like Performance to the Bitcoin Blockchain

‘2025 will be remembered as the year Bitcoin Hyper ($HYPER) changed everything,’ is what’s written in bold on this new cryptocurrency project‘s website – and for good reason.

$HYPER is a never-before-seen Layer 2 solution for Bitcoin. Think of it as an express lane alongside Bitcoin’s sluggish roads.

At the time of writing, Bitcoin is not even in the top 25 fastest blockchains. It can only process 7 transactions per second (TPS), whereas Solana boasts a theoretical speed of 65 TPS.

But thanks to $HYPER’s Solana Virtual Machine (SVM) integration, Bitcoin users will now be able to send, swap, and receive crypto at lightning-fast speeds, too.

More notably, the SVM lets developers build smart contracts and dApps on Bitcoin, finally unlocking a full-fledged Web3 environment on the network.

This includes DeFi trading, NFTs, DAOs and governance, lending, staking, swapping, blockchain gaming, and more.

Furthermore, a decentralized, non-custodial canonical bridge lets you interact with Bitcoin Hyper’s Web3. Simply put, it converts your Layer 1 Bitcoin into Layer 2-compatible tokens.

Currently in presale, Bitcoin Hyper has already pulled in over $17.3M from early investors, including a chunky $418K from crypto whales in just the last 20 days.

You can buy $HYPER for just $0.012955 apiece, and according to our $HYPER price prediction, a $100 investment today could turn into $2,400 by the end of 2025.

Visit Bitcoin Hyper’s official website to learn everything about how it’s bolstering Bitcoin’s real-world utility.

2. Maxi Doge ($MAXI) – New Dog-Themed Meme Coin for 1000x Returns

If you feel you’ve missed out on the explosive early-stage rallies of animal-themed meme coins that are now blue-chip cryptos – like $DOGE, $BONK, and $SHIB – it’s worth checking out Maxi Doge ($MAXI).

It’s a low-cap coin currently in presale, meaning it’s not just under the radar but also available at a huge discount.

And its bottom line? Avenging Dogecoin for his ruined childhood. Maxi, by the way, is Doge’s distant cousin – and his success and aura became the reason Maxi’s family didn’t pay him much attention.

But like a classic Hollywood superhero (or supervillain), Maxi didn’t give up. He hit the gym, bulked up, and studied the crypto market until he forged a rock-solid plan to take down Dogecoin.

$MAXI’s goal is to become a top trending crypto. To do so, the developers have reserved a massive 40% of the total token supply for marketing efforts.

This includes PR campaigns, influencer collaborations, social media blitzes, and even holder-only events like weekly trading competitions and leaderboard prizes.

In addition to CEX and DEX listings, $MAXI is also eyeing futures platforms. This would give meme coin traders the ultimate opportunity to churn out whale-like returns, plus it’ll make $MAXI the heartthrob of the market.

With over $2.4M already raised, Maxi Doge’s presale is off to a slick start. Each token is priced at just $0.0002585, and if you need any help grabbing it, check out our guide on how to buy $MAXI.

Also, according to our Maxi Doge price prediction, the token could hit $0.0024 by year-end – a massive 820% ROI.

Visit Maxi Doge’s official website to learn more about its fiery mission, roadmap, and tokenomics.

3. Remittix ($RTX) – Game-Changing Project Revolutionizing the Cross-Border Payments Market

Despite crypto’s fast-growing legitimacy, the fact remains that tier-2 and tier-3 countries have yet to fully embrace the decentralized nature of crypto payments.

This is why Remittix ($RTX) could be the next crypto to explode. It lets you send crypto directly to traditional bank accounts, which then receive it in fiat. The recipients won’t even realize the transaction originated in crypto.

By offering a unique crypto-to-fiat bridge, Remittix aims to solve a critical bottleneck in traditional banking infrastructure and capture a substantial share of the global cross-border payments market, projected to reach $250T by 2027.

At the time of writing, $RTX supports over 30 fiat currencies and 50+ cryptocurrency pairs, plus it also offers lightning-fast transactions and zero FX fees.

The Remittix presale has already raised a staggering $26.2M in early funding, with each token still priced at just $0.1080. This is arguably the lowest price you’ll ever be able to get $RTX for.

Recap: With the U.S. Bitcoin reserve set to absorb coins faster than miners can produce them and cause a bullish supply shock, there couldn’t be a better time to buy under-the-radar, high-upside presales like Bitcoin Hyper ($HYPER), Maxi Doge ($MAXI), and Remittix ($RTX).

Disclaimer: None of the above is financial advice. The crypto market is highly volatile and risky, so kindly do your own research before investing.

Authored by Krishi Chowdhary, Bitcoinist — https://bitcoinist.com/best-crypto-presales-to-buy-after-us-bitcoin-reserve-bill-supply-crunch

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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September 21, 2025 0 comments
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Michigan'S Bitcoin Reserve Bill Progresses After Months Of Delay
Crypto Trends

Michigan’s Bitcoin Reserve Bill Progresses after Months of Delay

by admin September 19, 2025



The U.S. state of Michigan has advanced with the Michigan Bitcoin Reserve bill, HB 4087, after months of delay. The bill will move forward for a second reading to the Committee on Government Operations for review. It aims to allow the state treasurer to allocate up to 10% of Michigan’s general and stabilization funds into cryptocurrency investments. 

House Bill, HB 4087, sponsored by Republicans Bryan Posthumus and Ron Robinson, was first introduced in February 2025. The bill also provides for lending the cryptocurrency to yield further returns, provided there is no increase in financial risk to the state. The measure requires the state to directly hold cryptocurrency through secure custody solutions or exchange-traded products (ETPs). 

Following other US states in Bitcoin Reserve

The sponsor lawmakers to HB 4087 said that similar measures have already been enacted in states like Texas, New Hampshire, and Arizona, where laws establishing state-level Bitcoin reserves are in place. In May 2025, New Hampshire made history by becoming the first U.S. state to pass a Bitcoin Reserve Bill into law. 

Arizona’s House of Representatives passed the HB2324 bill in June, which would allow the state to create a special reserve for Bitcoin and other cryptocurrencies that are taken from criminals during investigations. Following them was the state of Texas, which not only created a Bitcoin reserve but also allocated ten million to fund the project. 

Most states are in the same boat.

Currently, over 26 U.S. states have stat-backed Bitcoin Reserve bills in progress, and about 47 states have proposed or considered legislation pertaining to Bitcoin reserves. Majority of these proposals follow the U.S. President Donald Trump’s executive order, signed in March, to establish a national Bitcoin reserve, where Bitcoin will be held as a store of value. 

Also Read: Kiyosaki Slams Schools for ‘Fake Money’ Indoctrination



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September 19, 2025 0 comments
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Michigan's Stalled Reserve Bill Advances After 7 Months
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Michigan’s Stalled Reserve Bill Advances After 7 Months

by admin September 19, 2025



After seven months of inactivity, Michigan’s Bitcoin Reserve Bill, HB 4087, made progress Thursday by advancing to the second reading in the state House of Representatives.

The bill, introduced in February, aims to establish a strategic bitcoin BTC$116,978.69 reserve by authorizing the state treasury to invest up to 10% of its reserves in the largest cryptocurrency and possibly others. It has now been referred to the Committee on Government Operations.

If approved, Michigan would join the three states — Texas, New Hampshire and Arizona — that have enacted bitcoin reserve laws. While Texas allocated $10 million to purchase BTC in June, the other two have yet to fund the reserve with state money.

Recently, the U.S. House directed the Treasury Department to study the feasibility and governance of a strategic bitcoin reserve, including key areas such as custody, cybersecurity and accounting standards.

Sovereign adoption of bitcoin has emerged as one of the defining trends of 2025, with several U.S. states and countries considering or implementing BTC reserves as part of their public finance strategy. That’s in addition to the growing corporate adoption of bitcoin in company treasuries.

This institutional embrace has contributed to a significant boost in bitcoin’s market valuation. The BTC price has increased 25% this year, and touched a record high near $124,500 in August, CoinDesk data show.

Despite the enthusiasm, skeptics remain concerned about the risks posed by bitcoin’s notorious price volatility.



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September 19, 2025 0 comments
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Michigan Bitcoin Reserve Bill Moves Forward After Months of Delay

by admin September 19, 2025



In brief

  • Michigan’s House Bill 4087 advanced on Thursday, moving to the Government Operations Committee.
  • The bill would allow up to 10% of state funds in cryptocurrency with strict security requirements.
  • Michigan’s attempt is part of the inevitable state-level adoption pressuring neighboring states, Decrypt was told.

Michigan’s stalled bid to create a state-run Bitcoin reserve sprang back to life this week, with lawmakers moving House Bill 4087 to the Government Operations Committee after seven months of inaction. 

The measure, introduced in February, would authorize the state treasurer to allocate up to 10% of Michigan’s general and stabilization funds into crypto.

On Thursday, the bill cleared procedural hurdles, was placed on the House’s second reading calendar, and was formally referred to the Government Operations committee. 



Sponsored by Republican Reps. Bryan Posthumus (R-MI) and Ron Robinson (R-MI), the measure represents Michigan’s latest attempt yet to join Texas, New Hampshire, and Arizona, the only three U.S. states that have successfully enacted Bitcoin reserve laws.

“Hyperbitcoinization will spread across the country at the state level. It can’t be contained,” Kadan Stadelmann, Chief Technology Officer at Komodo Platform, told Decrypt. “Municipalities should consider Bitcoin reserves of their own to protect taxpayer money from potential devaluation of the dollar.”

Stadelmann believes Michigan’s detailed security provisions address weaknesses that doomed previous efforts in states like Florida.

He said taxpayers would have to trust a third-party “secure custody solution” or “qualified custodian,” and the state would keep “exclusive control over private keys,” with “disaster recovery protocols” and “regular audits/penetration testing.”

The industry observer believes success in Michigan could pressure neighboring states like Illinois, Ohio, and Pennsylvania to “revive their efforts to avoid being left behind.”

With Bitcoin hovering around $117,000, Stadelmann dismissed fears of Michigan “buying the top,” calling it “a geopolitically significant asset” that “nation-states” and now U.S. states are “naturally” choosing to accumulate.

He said states must prepare for a “multi-polar world” where “the U.S. Dollar may no longer be the sole reserve currency of the world, being joined by other currencies like perhaps Yuan or Rubles.”

Stadelmann cautioned the real mistake would be ignoring gold and silver, pointing to El Salvador’s reported move to add gold to its reserves and stressing that in the U.S., both metals are “written into the constitution.”

There are around 47 states that have introduced or are considering Strategic Bitcoin Reserve legislation, with about 26 states currently carrying active bills still under consideration, according to BitcoinLaws.io.

Earlier this month, the U.S. House advanced an appropriations bill directing the Treasury Department to study the feasibility and governance of a Strategic Bitcoin Reserve, including custody, cybersecurity, and accounting standards.

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September 19, 2025 0 comments
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California’s age verification bill for app stores and operating systems takes another step forward

by admin September 14, 2025


A California bill that would require operating system and app store providers to verify users’ ages before they can download apps has cleared the Assembly 58-0, and will now move on to Gov. Gavin Newsom, Politico reports. The Digital Age Assurance Act (AB 1043), introduced by Assemblymember Buffy Wicks, does not require photo identification for verification, but puts the onus on the platforms to provide tools for parents to indicate the user’s age during a device’s setup, and use this information steer kids toward age-appropriate content and screen time.

It comes after Utah and Texas both adopted app store age verification laws earlier this year that have been criticized as posing potential privacy risks, and faced opposition from the likes of Google and Apple. The California bill has been received more positively by Big Tech, with Google, Meta and others putting out statements in support of it in the leadup to a Senate vote on Friday. Kareem Ghanem, Google’s Senior Director of Government Affairs & Public Policy, called the bill “one of the most thoughtful approaches we’ve seen thus far to the challenges of keeping kids safe, recognizing that it’s a shared responsibility across the ecosystem.” Gov. Newsom now has until October 13 to sign or veto the bill, according to Politico.



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September 14, 2025 0 comments
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California Lawmakers Once Again Challenge Newsom's Tech Ties with AI Bill
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California Lawmakers Once Again Challenge Newsom’s Tech Ties with AI Bill

by admin September 13, 2025


Last year, California Governor Gavin Newsom vetoed a wildly popular (among the public) and wildly controversial (among tech companies) bill that would have established robust safety guidelines for the development and operation of artificial intelligence models. Now he’ll have a second shot—this time with at least part of the tech industry giving him the green light. On Saturday, California lawmakers passed Senate Bill 53, a landmark piece of legislation that would require AI companies to submit to new safety tests.

Senate Bill 53, which now awaits the governor’s signature to become law in the state, would require companies building “frontier” AI models—systems that require massive amounts of data and computing power to operate—to provide more transparency into their processes. That would include disclosing safety incidents involving dangerous or deceptive behavior by autonomous AI systems, providing more clarity into safety and security protocols and risk evaluations, and providing protections for whistleblowers who are concerned about the potential harms that may come from models they are working on.

The bill—which would apply to the work of companies like OpenAI, Google, xAI, Anthropic, and others—has certainly been dulled from previous attempts to set up a broad safety framework for the AI industry. The bill that Newsom vetoed last year, for instance, would have established a mandatory “kill switch” for models to address the potential of them going rogue. That’s nowhere to be found here. An earlier version of SB 53 also applied the safety requirements to smaller companies, but that has changed. In the version that passed the Senate and Assembly, companies bringing in less than $500 million in annual revenue only have to disclose high-level safety details rather than more granular information, per Politico—a change made in part at the behest of the tech industry.

Whether that’s enough to satisfy Newsom (or more specifically, satisfy the tech companies from whom he would like to continue receiving campaign contributions) is yet to be seen. Anthropic recently softened on the legislation, opting to throw its support behind it just days before it officially passed. But trade groups like the Consumer Technology Association (CTA) and Chamber for Progress, which count among its members companies like Amazon, Google, and Meta, have come out in opposition to the bill. OpenAI also signaled its opposition to regulations California has been pursuing without specifically naming SB 53.

After the Trump administration tried and failed to implement a 10-year moratorium on states implementing regulations on AI, California has the opportunity to lead on the issue—which makes sense, given most of the companies at the forefront of the space are operating within its borders. But that fact also seems to be part of the reason Newsom is so shy to pull the trigger on regulations despite all his bluster on many other issues. His political ambitions require money to run, and those companies have a whole lot of it to offer.



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September 13, 2025 0 comments
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  • Blue Protocol: Star Resonance is finally out in the west and off to a strong start on Steam, but was the MMORPG worth the wait?
  • How to Unblock OpenAI’s Sora 2 If You’re Outside the US and Canada
  • Final Fantasy 7 Remake and Rebirth finally available as physical double pack on PS5
  • The 10 Most Valuable Cards

Recent Posts

  • This 5-Star Dell Laptop Bundle (64GB RAM, 2TB SSD) Sees 72% Cut, From Above MacBook Pricing to Practically a Steal

    October 10, 2025
  • Blue Protocol: Star Resonance is finally out in the west and off to a strong start on Steam, but was the MMORPG worth the wait?

    October 10, 2025
  • How to Unblock OpenAI’s Sora 2 If You’re Outside the US and Canada

    October 10, 2025
  • Final Fantasy 7 Remake and Rebirth finally available as physical double pack on PS5

    October 10, 2025
  • The 10 Most Valuable Cards

    October 10, 2025

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Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

About me

Welcome to Laughinghyena.io, your ultimate destination for the latest in blockchain gaming and gaming products. We’re passionate about the future of gaming, where decentralized technology empowers players to own, trade, and thrive in virtual worlds.

Recent Posts

  • This 5-Star Dell Laptop Bundle (64GB RAM, 2TB SSD) Sees 72% Cut, From Above MacBook Pricing to Practically a Steal

    October 10, 2025
  • Blue Protocol: Star Resonance is finally out in the west and off to a strong start on Steam, but was the MMORPG worth the wait?

    October 10, 2025

Newsletter

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

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