New Bitcoin Laws Enacted In Three U.S. States
New Hampshire, Arizona, and Oregon Lead The Way In Establishing Bitcoin-related Laws
Before we get started, Happy Mother’s Day to all you mamas out there!
Sending big love and big hugs to all of you!
Okay, let’s dive in…
This week, three of the over 100 bitcoin-related bills being reviewed by state legislatures in the United States became law.
New Hampshire can now establish its own Strategic Bitcoin Reserve (SBR), while Arizona can now hold “abandoned” or “unclaimed” digital assets in a state reserve. And Oregon now permits digital assets like bitcoin to be used as collateral in traditional financial products like mortgages.
I wrote more about these new laws for Bitcoin Magazine:
Developments In The Samourai Wallet Case
Earlier in the week, Zack Shapiro, Head of Policy at the Bitcoin Policy Institute and Managing Partner at Rains Law, reported that it had come to light that the prosecutors in the Samourai Wallet case had been told by FinCEN that Samourai Wallet wasn’t a money transmitting business, yet the prosecutors proceeded to charge the developers behind the project with conspiracy to operate a money transmitting business regardless.
I sat down with Zack the evening the news broke to discuss the details of what this might mean for the case:
Later in the week, the prosecutors responded to this accusation that they’d withheld evidence in a letter to the court, arguing that they had done nothing wrong in only offering this info about the call they’d had with FinCEN at this point in the pre-trial process.
They claimed that the defense had still received the information in time to use it as a part of due process.
I covered this in greater detail in the article below:
My Interview With Natalie Smolenski
I recently sat down with Natalie Smolenski, anthropologist and editor-in-chief of The Satoshi Papers: Reflections on Political Economy after Bitcoin, an compilation of texts on Bitcoin, politics, and economics from scholars across a variety of different fields of study.
Natalie is sharp as hell and a total boss.
Check out the interview! (It’s short — just 10 min.)
Markets
As I mentioned last week, I thought we’d see bitcoin head to new all-time highs (ATH) before the month was out, and we’re about 2% away from making a new ATH with just under three weeks left in the month.
Wouldn’t be surprised to see a little pull back here in the next few days, though, before we head higher.
Alright, that’s all for this week.
Thank you, as always, for reading, and here’s to a great week ahead!
Best,
Frank
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