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Texas
Why Are US Regulators Cracking Down on BlockFi?
Texas joins Alabama and New Jersey in alleging that BlockFi’s interest-bearing product (BIA) might violate state securities laws. “The Hash” panel discusses the potential factors driving national enforcement actions against the crypto lending platform and whether the federal government is likely to step in.
Texas Cracks Down on BlockFi, Joining Alabama, New Jersey
Texas is the latest state after Alabama and New Jersey to join the list of jurisdictions filing a cease-and-desist order against BlockFi, with its regulators alleging on Thursday the crypto lender's Interest Account (BIA) product is a security under state rules. CoinDesk's Nikhilesh De discusses the latest developments swirling around BlockFi and its regulatory implications.
BlockFi Faces Crackdown by a Third US State, Texas
The Lone Star state’s proposed cease-and-desist order would bar BlockFi from offering interest accounts without registering with the state’s securities regulator.
Will Chinese Bitcoin Miners Come to Texas?
Argo Blockchain CEO Peter Wall discusses the great migration of bitcoin miners amid China's crypto ban and why some may be headed to Texas. Plus, how his firm is lowering carbon emissions in response to rising concerns over bitcoin's energy consumption.
Argo Blockchain Secures $20M Bitcoin-Backed Loan to Expand Texas Data Center
The loan agreement is for a six-month term and will be used to expand Argo’s West Texas data center.
Digital Ownership Is Getting Heated
Remote-controlled thermostats in Texas might serve as a reminder to what we give up when we go digital.
Could the Heat and Feared Blackouts in Parts of the U.S. Affect Bitcoin Mining Operations?
Texas and other U.S. states across the West are facing energy grid shortfalls this summer as severe drought reduces the amount of water available for hydroelectric power generation, says the Wall Street Journal. CoinDesk's Christie Harkin and Brad Keoun discuss the possible impact of power shortages for miners in the area and the wider crypto mining community.
Investors Warned Again by SEC Against Bitcoin Futures Funds; Texas Greenlights Banks to Custody Crypto Assets
The U.S. Securities and Exchange Commission has yet again warned investors against bitcoin futures funds. CoinDesk's Nikhilesh De says this is "only the beginning of a long line of notices the SEC has pushed out about price volatility in bitcoin futures." Plus, the Texas state banking regulator announced Thursday that state-chartered banks could provide crypto custody services.
Texas State Regulator Greenlights Banks to Custody Crypto
A June 10 notice from the Texas Department of Banking told state-chartered banks they can work with crypto companies.
Texas Governor Signs Law Creating Legal Framework for Crypto Investments
The law amends adapts commercial law to blockchain and digital assets, and defines virtual currencies.
