📢 Attention crypto-investors! Digital asset legislation is gaining momentum in the United States 🇺🇸. So far in 2024, more than 30 laws affecting digital assets have been enacted at the state level, doubling last year's number.

This reflects a bipartisan appetite for clear and consistent crypto regulation. States are seeing the importance of showing work before November.

New Hampshire and Maine have made progress in updating their digital asset regulations, including the transmission of "virtual currency." However, some problematic provisions for self-hosted wallets will need to be addressed.

Massachusetts is also moving forward on crypto legislation, with H. 1641 seeking to modernize how fiduciaries handle digital assets.

In June, Rhode Island enacted SB 2803, which adds minimum capital requirements and investment limits for “currency transmitters” operating in the state, including crypto exchanges.

Louisiana encouraged Bitcoin mining and banned central bank digital currencies (CBDCs) with HB 488.

Finally, North Carolina's HB 690 passed the state Senate, banning CBDC payments and the state's participation in the Federal Reserve's CBDC trials.

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