texas

According to Reuters, Texas-based private home builder Megatel Homes LLC announced the launch of MegPrime cryptocurrency payment and reward tokens. Previously, the U.S. Securities and Exchange Commission (SEC) issued a "no-action" letter to the company on Thursday, allowing it to proceed with the project. The MegPrime token is intended to be used as a payment and reward tool, rather than an investment product.Users can spend the token at merchants through digital wallets and payment cards, earning MegPrime token cashback, discount gift cards, or points redeemable for home-related benefits. MegPrime token holders do not have voting rights or dividend rights as securities. The token is an extension of the company's 2019 plan, which allowed renters to convert their rent into equity for purchasing a home.

Texas private residential developer Megatel Homes announced plans to launch a cryptocurrency token called "MegPrime" for payments and rewards in the coming weeks. This decision has previously received a "no-action" letter from the U.S. Securities and Exchange Commission (SEC), meaning the regulatory agency will not take enforcement action regarding the project.Megatel CEO Zach Ipour stated that MegPrime marks the company's first foray into the digital asset space, and the token will serve solely as a payment and rewards tool, rather than an investment product. Consumers will be able to use the token at regular merchants through digital wallets and payment cards, and earn rebates, discount gift cards, and points that can be used for housing-related benefits in token form.Reports indicate that MegPrime does not grant holders any rights related to securities, such as voting rights or profit-sharing rights. Megatel believes that combining its real estate development and financing business with this model is expected to further integrate real estate activities with digital currency incentive mechanisms.

According to PR Newswire, Nasdaq-listed Bitcoin mining company CleanSpark announced that it has reached a final agreement to acquire up to 447 acres of land in Brazoria County, Texas, and has signed a long-term transmission facility expansion agreement. This move will enable the company to develop a large data center project with a total capacity of 600 megawatts.The transaction is expected to be completed in the first quarter of 2026, but it must meet several conditions, including approvals related to utility companies and property, aimed at supporting the development of a large next-generation data center campus for artificial intelligence and high-performance computing workloads.

According to Coindesk, Texas has taken a key step in building a state-level cryptocurrency reserve. Officials revealed that the state has invested $5 million in BlackRock's Bitcoin ETF, although the Texas Strategic Bitcoin Reserve plan is still in preparation.The state has recently solicited industry feedback on establishing a compliance plan for the Bitcoin reserve and allocated $10 million through legislation earlier this year. After completing the final few procedural steps, Texas is expected to become the first state government in the U.S. to seriously initiate long-term investment in cryptocurrency assets. A spokesperson for the state auditor's office confirmed on Tuesday that, as a transitional measure before establishing a custody contract, $5 million has already been allocated to the BlackRock iShares Bitcoin Trust.

According to Bitcoin News, Republican Congressman Brandon Gill from Texas disclosed that he has increased his holdings of Bitcoin and Bitcoin ETFs worth up to $300,000 in his portfolio.

According to official news, Coinbase has officially submitted documents to the U.S. Securities and Exchange Commission (SEC) announcing its relocation of corporate registration from Delaware to Texas. This decision marks Coinbase's entry into the ranks of several tech giants in recent years (such as Tesla and SpaceX under Musk) that have left Delaware.In a statement, Coinbase said: "We chose Texas because it has become a hub for innovative companies. It is unfortunate that it has come to this, but Delaware has left us with no choice."Delaware has long been the preferred state for company registration in the U.S., with over 60% of Fortune 500 companies registered there. In January 2024, Delaware Judge Kathaleen McCormick rejected Musk's Tesla compensation plan (valued at approximately $56 billion, later adjusted to $1 trillion), deeming it unfair to shareholders. This case triggered a chain reaction, with Musk publicly criticizing Delaware's judicial environment as "unpredictable."

Bitcoin mining company IREN has signed a $9.7 billion agreement with Microsoft to provide cloud computing services in Texas, with its stock price rising over 20% in pre-market trading, currently reported at $72.9. Additionally, the company will spend $5.8 billion to purchase GPUs and related equipment from Dell.

According to Bitcoin News, Bitcoin mining company Mara Holdings has sued Hood County officials in an attempt to block a proposed "incorporation vote"—if passed, this vote would allow local authorities to implement noise regulations on its mining facility. The facility currently operates over 60,000 ASIC machines 24/7.

ChainCatcher news reports that, according to market sources, in April this year, the stablecoin issuer Tether froze $44.7 million worth of USDT at the request of the Bulgarian police. Now, Riverstone Consultancy Inc. from Texas, USA, has filed a lawsuit demanding the unfreezing of the funds. The company accuses Tether of illegally freezing the tokens, causing it to miss investment opportunities.The lawsuit claims that Tether did not follow the proper procedures to freeze the assets. According to Bulgarian and foreign treaties, seizing or freezing foreign assets requires specific procedures. When Riverstone contacted Tether, Tether directed them to contact the police department, which ignored Riverstone's inquiries. The company's lawyer did not respond to questions regarding the nature of the frozen USDT and the police allegations. However, cryptocurrency forensics experts have analyzed that there are indeed issues with these funds. An anonymous analyst, ZachXBT, wrote on the X platform: "These funds come from Ponzi scheme investment projects like BETL, Pegasus Ride, LSSC, and have undergone multiple transfers on-chain." Currently, Riverstone has requested the court to order Tether to unfreeze the funds and compensate for at least $44.72 million in losses and interest.

ChainCatcher news, Galaxy Digital has secured $460 million in private investment to transform its former Bitcoin mining facility in Texas into a large-scale artificial intelligence data center.The deal involves the acquisition of 12.77 million Class A shares at a price of $36 per share, with the proceeds earmarked for general corporate purposes and the expansion of its Helios campus, which is expected to provide 133 megawatts of IT capacity by early 2026. The transaction is expected to be completed around October 17, 2025, pending approval from the Toronto Stock Exchange.

ChainCatcher News, the U.S. Immigration and Customs Enforcement (ICE) conducted a raid on the Lonestar Dream Bitcoin mining site located in Pyote, Texas, on September 29, primarily targeting the ASIC repair center operated by Bitmain's affiliated company ADW Tech within the site.The law enforcement action involved multiple government agencies, including ICE, the Federal Bureau of Investigation (FBI), Homeland Security Investigations (HSI), the Texas Department of Public Safety (DPS), and U.S. Customs and Border Protection (CBP). Eyewitnesses reported that law enforcement personnel used helicopters, snipers, and other equipment, and approximately 12 to 13 individuals were taken away during the raid, most of whom were Chinese citizens with expired visas.

ChainCatcher news, according to The Bitcoin Historian, the Texas Teacher Retirement Fund, with assets of $200 billion, disclosed a Bitcoin exposure worth $25 million through MSTR.

ChainCatcher news, according to Decrypt, Texas authorities announced the seizure of $2.8 million in cryptocurrency, $70,000 in cash, and a luxury car from alleged ransomware operator Ianis Antropenko. Antropenko is accused of using Zeppelin ransomware to attack global targets.Data shows that in 2024, losses from cryptocurrency-related crimes in the U.S. reached $9.3 billion, a 66% increase year-on-year. The Department of Justice's Cyber Crime Division stated that it has recovered a total of $350 million in victim funds and prevented over $200 million in potential ransom payments.

ChainCatcher news, according to a post by Watcher.Guru on X platform, Texas Governor Abbott has signed a law designating gold and silver as legal tender in "everyday" financial transactions.

ChainCatcher news, according to Cointelegraph, Texas has officially signed the SB1498 bill into law, allowing the state to seize Bitcoin and digital assets related to specific crimes. The seized assets will be deposited into a forfeiture fund.

ChainCatcher news, according to Coindesk, Texas Governor Greg Abbott has signed Senate Bill No. 21, officially establishing the first state-level Bitcoin reserve in the United States supported by public funds. Texas will allocate $10 million for the purchase of Bitcoin, distinguishing it from Arizona and New Hampshire, which only authorized but did not fund such initiatives. The accompanying bill HB 4488 also stipulates that the reserve cannot be diverted for general revenue purposes.

ChainCatcher news, according to Crypto Briefing, Texas Governor Greg Abbott has passed House Bill 4488 (HB 4488), which aims to protect certain state government funds, including any Bitcoin reserves created outside the state treasury, from being included in general revenue. The bill exempts the reserve fund and other special funds from the obligation to automatically dissolve in 2025.Texas Governor Greg Abbott has not yet made a decision on Senate Bill 21 (SB21). This bill would authorize Texas to invest in Bitcoin and other crypto assets with a market capitalization of at least $500 billion. Currently, only Bitcoin meets this threshold.Greg Abbott must sign or veto SB21 by June 22, as the bill was submitted to him on June 1. Since the bill was submitted just before the end of the legislative session, under Texas law, he must take action within 20 days after the adjournment.