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The Texas Bitcoin reserve law officially became reality when Governor Greg Abbott signed Senate Bill 21, establishing state-backed crypto reserves and enabling Texas public crypto buying through direct state investment. This government Bitcoin strategy creates the first legally protected Bitcoin legal framework Texas has implemented, setting new standards for cryptocurrency adoption at the state level right now. Texas Legislature Bill SB 21 details – Source: capitol.texas.gov Also Read: Metaplanet Buys Another 1,111 Bitcoin Worth $111M; BTC Eyes $117K Texas Bitcoin Reserve Law Spurs State-Backed Crypto Strategy Push Protected Investment Framework Enables Public Bitcoin Purchases Texas Strategic Bitcoin Reserve bill text – Source: capitol.texas.gov The Texas Bitcoin reserve law establishes the Texas Strategic Bitcoin Reserve through Senate Bill 21, which was signed into law on June 20, 2025. This government Bitcoin strategy authorizes the state Comptroller to buy, sell, hold,...

The FTC’s ban on noncompete agreements – which was to take effect for tens of millions of Americans nationwide on September 4 – is now permanently on hold. In a ruling Tuesday, a federal judge in Texas upheld a challenge to the FTC’s rule banning noncompetes. US District Judge Ada Brown said the government agency lacks the authority to put the ban into effect. An estimated 30 million Americans – 1 out of every 5 workers – work within noncompete agreements in industries ranging from tech to fast food. The FTC argues the agreements stifle workers’ ability to switch jobs and earn higher wages. The rule would have meant that anyone applying for a new job could not be forced to sign a noncompete. Also, for workers with existing agreements, noncompetes would no longer be enforceable. This rule was first proposed in January 2023, with many employees speaking in favor of the proposal. The FTC said it expected the ban to increase workers’ wages by up to $488 billion over the next de...

According to the cease and desist order, investors are being given the impression that Elon Musk endorses "TruthGPT Coin". The Texas State Securities Board, including several state regulators, have come together to issue cease-and-desist orders against Horatiu Charlie Caragaceanu and his organizations, The Shark of Wall Street and Hedge4.ai, for promoting two cryptocurrencies named TruthGPT Coin and Elon Musk AI Token. The orders seek to clamp down on what they claim is a fraudulent securities scheme attempting to capitalize on the growing buzz around artificial intelligence (AI). The TruthGPT Coin is being marketed as a crypto currency that utilizes an AI system called Elon Musk AI. The AI model can allegedly examine multiple digital assets, anticipate future crypto currency values, and distinguish lucrative Investments from fraud ulent ones. The parties involved are also promoting TruthGPT Coin as a highly profitable venture, even stating it could increase in worth by a s...