Blockchain Basics Act Introduced In Ohio, South Carolina, Mississippi
The Blockchain Basics Act, a set of state-level cryptocurrency regulations, has been introduced in three more US states: Ohio, South Carolina, and Mississippi.
Similar regulations have been introduced in seven states and passed in Missouri. The bills aim to ensure individuals can self-custody, trade, mine, and run nodes for decentralization of crypto networks.
Dennis Porter, CEO and co-founder of the Satoshi Action Fund, described the move as a “big deal” for Bitcoin users and an opportunity to resist powerful individuals like Sen. Elizabeth Warren.
The legislation promises to uphold fundamental rights and change the conversation around Bitcoin and digital assets in the US.
(With inputs from Shikha Singh)
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