The Texas Senate passed the Bitcoin strategic reserve bill SB-21 on March 6, aimed at adding Bitcoin, a scarce asset, to the state's balance sheet. Pro-Bitcoin legislators see it as similar to gold and a hedge against inflation. If signed, Texas would become the first state in the US to establish a digital asset reserve. Meanwhile, New York introduced a bill to shield crypto investors from memecoin rug pulls, scams where project insiders abandon their tokens post-investment, leading to significant losses. Assemblymember Clyde Vanel's legislation aims to impose criminal penalties for virtual token fraud. Additionally, the SEC's Crypto Task Force will host roundtables starting March 21 to define the security status of crypto assets. In Utah, lawmakers passed a Bitcoin bill that excludes a provision allowing state investment in Bitcoin, while in Argentina, authorities aim to freeze assets tied to a memecoin scandal involving President Javier Milei, seeking to recover digital assets linked to fraudulent activities.

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