Lee Bratcher, president of Texas Blockchain Council, clearly indicates one thing – states like Texas and Florida do not wait Washington with regard to the adoption of Bitcoin.
“When we turn around 2025, states like Texas and Florida both pursue Bitcoin strategic reserves,” said Bratcher in a discussion with Rob Nelson on the round table. “We hope to beat the federal government with a punch in the name of a friendly competition. Of course, we want the federal government to do it too. »»
Texas and Florida have already adopted laws recognizing digital assets under the uniform commercial code (UCC), giving cryptocurrencies a clearer legal position. Texas has also progressed with the regulation of stablescoin, recognizing its role in the economy of cryptography.
Samuel Arms, founder of Florida Blockchain Business Association, has echoed the optimism of Bratcher, noting that even in crypto-hostile policies of the previous administration, progress at the state level continued.
“We are certainly not going to be screwed up,” said weapons, responding to concerns about the slow federal action. “Even under the Biden administration, when things were not exceptional or all as fabulous to speak, you have already seen all the progress that states made, especially in Florida, Texas, Wyoming, even places Like Washington and Pennsylvania. “
According to weapons, this momentum will only accelerate under the new administration. “We now have a very friendly administration to come. We have a lot of bad players who are anti-Crypto, anti-bitcoin that come out or leave. So, all the momentum that the states have created will now be pushed to DC ”
Texas has positioned itself as a major hub for bitcoin and blockchain extraction companies.
According to Bratcher, the state has already taken key regulatory measures, such as the recognition of bitcoin and ethereum as assets that do not trigger money transmission laws. However, Stablecoins, which play a central role in digital finance, are still regulated under state banking laws.
“The federal government takes care of IRS things to the securities law that states generally do not manage,” said Bratcher. “But there are several things, from the point of view of infrastructure, that we can make sure that the foundation is established for the United States to become the competence of choice for the global adoption of digital assets.”
