Texas proof-of-reserves crypto bill one step away from becoming law
Once the governor signs the bill, Texas will require major crypto firms to have enough reserves to cover all withdrawals at all times.
Cryptocurrency news by Protos · Protos
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Show Notes
The US state of Texas is taking a significant step towards increased transparency and consumer protection in the cryptocurrency industry, as legislation requiring crypto exchanges to maintain reserves moves closer to becoming law awaiting now only the signature of the governor.
Listen to this article to learn how the bill looks to stop crypto firms from commingling user funds.
https://protos.com/texas-proof-of-reserves-crypto-bill-one-step-away-from-becoming-law/
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