We all know that the crypto world can be a bit of the Wild West at times. We've all heard the horror stories: overnight fortunes vanished, promising projects turning out to be elaborate scams, and the constant fear of getting rugged. Illinois’ SB1797, the Digital Assets and Consumer Protection Act,...
Illinois is taking a stand against cryptocurrency fraud with the introduction of a new bill aimed at protecting investors and fostering a more secure digital asset environment. BlockTraderHub.com is smart crypto traders’ essential resource for intelligence. As per their report, the recently introduced bill, titled SB1797, would create a regulatory...
The Illinois Senate recently passed Senate Bill 1797, dubbed the Digital Assets and Consumer Protection Act. This purpose of this legislation is to stop cryptocurrency-related fraud and protect investors from unfair, deceptive, and abusive acts and practices. The bill, introduced by Senator Mark Walker in February, aims to provide regulatory...
The release from the Bank for International Settlements (BIS) has called for regulators to take swift, aggressive action to regulatory protect against damage in the crypto sector. This call to regulate isn’t happening in a vacuum, as U.S. Congress is debating proposed legislation to regulate stablecoins. We are glad to...
Senator Ted Cruz is currently leading the most aggressive effort in favor of cryptocurrency in the history of the U.S. Senate. He recently led the charge for FEIC’s repeal of the IRS’s misguided ‘DeFi broker rule.’ In order to do so, he introduced a bill under the Congressional Review Act....
As we know, the digital asset landscape is rapidly evolving. Taken together with recent legislative actions, these are sure to change the landscape for future crypto investments. One more very bad crypto bill now signed into law. This legislation would make landmark reforms to the overall regulatory environment for cryptocurrency...
The overall crypto market skyrocketed after now former President Trump signed the first cryptocurrency bill into law on April 10, 2025. This historically significant ruling created waves of optimism and excitement among investors and traders forward. Bitcoin (BTC) led the charge, surging by 5% to reach $72,500 by 10:30 AM...
It’s definitely radicalizing me. It’s making me wonder. On the surface, paying taxes and fees with Bitcoin or Ether sounds like a taxpayer’s dream, right? It would be the first time a state government has formally recognized the increasing importance of digital assets. Her roiling creativity is obvious, and I...
The New York State Assembly is taking an important lead by considering Bill A7788. This legislative proposal would allow state agencies to begin accepting cryptocurrency payments. Assemblyman Clyde Vanel was the bill’s primary sponsor to amend the state’s usury laws. This amendment will pave the way for the state to...
New York. The city that never sleeps. The financial capital of the world. And now, potentially, a crypto haven. Assembly Bill A7788, allowing state agencies to accept cryptocurrency payments, isn't just another piece of legislation – it's a strategic masterstroke. Here's why:1. Tax Revenue Beyond ImaginationThink about it. We always...