The Texas Senate passed the Bitcoin strategic reserve bill SB-21 on March 6, aiming to add Bitcoin, viewed as a valuable asset, to the state's balance sheet. Supporters equate Bitcoin to gold, believing it serves as an inflation hedge. If signed by the governor, Texas will become the first state in the U.S. to have a digital asset reserve. Meanwhile, New York introduced a bill to protect crypto investors from memecoin rug pulls, which occur when project insiders abandon tokens after investor purchases, resulting in significant financial losses. Assemblymember Clyde Vanel's legislation targets virtual token fraud with criminal penalties. Additionally, the U.S. Securities and Exchange Commission's Crypto Task Force plans roundtables to discuss the security status of crypto assets, aiming for public input to shape regulations. Utah also passed a Bitcoin bill but removed a clause permitting the state treasurer to invest in Bitcoin. Lastly, Argentine prosecutor Eduardo Taiano seeks to freeze nearly $110 million in digital assets linked to the LIBRA memecoin scandal, investigating President Javier Milei's involvement.

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