The Texas Senate has made progress by passing the Bitcoin reserve bill, approaching the final steps to becoming a law. This reflects a growing recognition of Bitcoin as a valuable asset and hedge against inflation, endorsed by Senator Charles Schwertner.

New York’s lawmakers are actively combating memecoin rug pulls by proposing legislation to protect investors. Assemblymember Clyde Vanel emphasizes stringent penalties for virtual token fraud as part of these efforts.

The SEC’s Crypto Task Force will host discussions on the security status of crypto assets, with the first roundtable set for March 21. This initiative aims to draw on public expertise to clarify regulations surrounding cryptocurrencies.