The bill was co-authored with the cryptocurrency firm Telcoin and introduced by Republican state senator Mike Flood.
A crypto-friendly bill — co-authored by a cryptocurrency firm and first introduced by Republican state senator Mike Flood this January — was signed into law today in Nebraska.The Nebraska Financial Innovation Act was one of Senator Flood’s first initiatives, introduced scarcely two weeks after being sworn into office. It will authorize the regulation of digital asset depositories in the state by creating a new state banking charter tailored to digital asset-backed financial services. Republican lawmakers outnumber Democrats almost two-to-one in the state legislature (32 to 17) and numbers for this week’s final vote were 46–2.Signed into law as Legislative Bill 647, the Act means that financial institutions — e.g., banks, building and loan associations — can operate digital asset depository business
Bitcoin (BTC) Price Hits $60K for the First Time Since November 2021
Bitcoin’s bull run continues with full force as the asset soared to and past $60,000 for the first…