montana

ChainCatcher News, the U.S. Department of Justice announced that a Montana man has been convicted of cryptocurrency money laundering. After three days of trial, 73-year-old Randall V. Rule (formerly of Kalispell, Montana) was found guilty on all counts by the jury.On November 16, 2022, a federal grand jury indictment charged Randall V. Rule and former Irmo, South Carolina resident Gregory C. Nysewander with conspiracy to launder money, money laundering, and conspiracy to violate the Bank Secrecy Act.According to the indictment, Rule and Nysewander conspired with others to launder the proceeds of telemarketing and mail fraud through cryptocurrency. The defendants converted funds into cryptocurrency and sent the cryptocurrency to accounts controlled by domestic and foreign co-conspirators. The defendants made false statements and concealed material facts to avoid detection of the fraudulent nature of the deposits, wire transfers, and transactions. The defendants also made false statements and concealed material facts when filling out account opening documents and communicating with financial institutions and cryptocurrency exchanges.

ChainCatcher news, the Montana House of Representatives voted against a proposed bill on February 22 that aimed to designate Bitcoin as a state reserve asset.The bill proposed the establishment of a special revenue account to invest in precious metals, stablecoins, and digital assets with a market capitalization exceeding $750 billion, of which only Bitcoin currently meets this standard. The bill faced opposition from several Republican lawmakers, who argued that it would allow the state investment board to engage in excessive speculation with taxpayer funds, posing too high a risk. Supporters contended that if the bill were not passed, the state government would miss the opportunity to enhance its returns on investment. Currently, the bill has been effectively shelved, and any future reintroduction would require resubmission for legislative review.

ChainCatcher news, according to the Satoshi Action Fund, the strategic Bitcoin reserve legislation in Montana, USA has passed committee review and is about to enter the House voting stage.

ChainCatcher news, according to crypto analyst @Julian__Fahrer, the Montana House has introduced Bill No. 429, which proposes to authorize an investment of up to $50 million in digital assets (i.e., Bitcoin) with a market capitalization exceeding $750 billion before July 15, 2025.

ChainCatcher News: American rapper French Montana will engrave the Easter egg song from his new album on the Bitcoin network in the form of an inscription. The inscription number is 64333690, with a size of 3.956mb, occupying the entire Bitcoin block of 834618.It is reported that French Montana will use the BRC-420 asset protocol to release the video, which will be fairly launched on the BRC-420 platform at 10 PM Singapore time on March 14.BRC-420 is a layer-one protocol based on Bitcoin that turns on-chain content into individual data modules and supports the tokenization of these modules.

ChainCatcher news, the Montana State Senate has passed a cryptocurrency "mining rights" bill aimed at protecting the rights of miners.The bill proposes to grant the "right to mine digital assets" and prohibits charging cryptocurrency miners "discriminatory" electricity rates, as well as stripping local governments of the power to use zoning laws to prevent cryptocurrency mining. It also prohibits imposing additional taxes on the use of cryptocurrency as a payment method and classifies "digital assets," including cryptocurrencies and non-fungible tokens (NFTs), as "personal property" alongside other financial products like stocks and bonds.The bill was passed in the state Senate on February 23 and will be submitted for approval by the House of Representatives. If passed by the House, it will become law upon being signed by Governor Greg Gianforte. (source link)