#state-custody News & Analysis

2 articles tagged with #state-custody. AI-curated summaries with sentiment analysis and key takeaways from 50+ sources.

2 articles

CryptoBullishCrypto Briefing · 1d ago7/10

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Texas shifts Strategic Bitcoin Reserve from ETF to direct custody

Texas has transitioned its strategic Bitcoin reserve from ETF holdings to direct custody, establishing a regulatory precedent for state-level digital asset management. This shift signals growing institutional confidence in Bitcoin and may encourage other states to adopt similar custody strategies.

$BTC

CryptoNeutralThe Block · Apr 156/10

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Virginia to hold dormant crypto ‘in-kind’ for at least one year under new law

Virginia has enacted legislation requiring unclaimed cryptocurrency assets held in customer accounts to be transferred to state custody and held in-kind for a minimum of one year. This marks a significant regulatory development in how U.S. states handle dormant digital assets, treating crypto similarly to traditional unclaimed property while preserving its native form rather than converting it to fiat.