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Two Colombian regulators have proposed another bill that would serve to regulate crypto. The bill consists of 16 provisions, including a VASP licensing system for crypto firms. According to local media outlet El Colombiano , the bill aims to establish a legal framework that would ensure protection for crypto users and encourage more investment in the nation’s budding crypto industry. The bill outlines a total of 16 articles that cover several crypto-related aspects including monitoring, marketing rules, education, crypto tax , as well as anti-money laundering and counter-terrorism financing measures or AML /CFT. In addition, the bill also proposes a virtual asset service providers licensing system which crypto firms who wish to operate in the region would have to apply for. Other countries like Hong Kong , Singapore , Canada , and the UAE use VASP licenses to ensure they will abide by local regulations. Senator Gustavo Moreno and House Representative Julián López proposed the bill to Congress on March 2, after having failed in their attempt last year. Moreno argued that Colombia urgently needs to establish a regulatory framework for crypto exchanges and firms due to virtual asset companies in the country are operating informally which “generates uncertainty and risks for users.” The lack of regulation, Moreno added, does not provide crypto services with the proper security mechanisms to protect its users and prevent the misuse of crypto assets. “Our bill seeks to establish clear rules of the game to generate a reliable and more attractive [crypto] ecosystem for investment with guarantees for this emerging industry ,” said Rep. López. According to the report, around five million Colombian users have been trading cryptocurrency. In 2024 alone, crypto transaction value has reached $6.7 billion in the country. However, the outlet has also noted that many users have also become victims of scams and pyramid schemes, and others take advantage of the unregulated crypto ecosystem to launder money . The Colombian Financial Superintendent, Colombia’s main financial regulator, has been reportedly working on several crypto pilot projects since 2021. However, the projects have yet to produce “concrete regulatory framework.”

House Democrats propose a bill to prevent officials from profiting from digital assets. Rep. Liccardo’s MEME Act targets ethical concerns with politicians endorsing cryptocurrencies. The MEME Act includes retroactive penalties to address $TRUMP coin and similar ventures. House Democrats are setting their sights on restricting public officials from benefiting financially from digital assets. A new bill aims to prevent top government officials, including the president, from issuing or endorsing cryptocurrencies, following concerns over the recent decline of the $TRUMP meme coin. The $TRUMP cryptocurrency launched just over a month ago but has since lost significant value as early investors offloaded their holdings. Thousands of holders took heavy losses totaling billions of dollars, prompting some lawmakers to demand tighter rules to ensure officials do not misuse their positions for personal gain. California Democrat Moves to Regulate Crypto Involvement Rep. Sam Liccardo, a freshman Democrat from California, plans to introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act. This legislation would bar high-ranking officials, such as the … The post House Democrats Take Aim at $TRUMP Meme Coin with New Legislation: MEME Act appeared first on Coin Edition.

- Rep. Bryan Steil highlighted the U.S.'s need to lead in digital assets, with bipartisan support growing for initiatives like the FIT21 Act. - Williams noted the Treasury's active role in shaping the crypto landscape, covering tax, sanctions, and more. What are your thoughts on the U.S. leading in digital assets? Share in the comments!

U.S. lawmakers to introduce MEME Act banning officials from profiting off digital assets U.S. House Democrats, led by Rep. Sam Liccardo, plan to introduce the Modern Emoluments and Malfeasance Enforcement (MEME) Act, prohibiting public officials and their families from issuing, endorsing or profiting from digital assets, according to Cointelegraph. Liccardo criticized Donald and Melania Trump’s memecoin ventures, calling them potential conflicts of interest. The bill, expected to be introduced on Feb. 27, aims to prevent officials from leveraging political power for financial gain

According to SolanaFloor , Oklahoma is moving forward with legislation that would see the state investing in Bitcoin and other digital assets. House Bill 1203 has passed through the Oklahoma State House Committee on a strong 12-2 vote. The bill, otherwise known as the Strategic BTC Reserve bill , allows the state treasury to invest as much as 10% of public money in Bitcoin or digital assets that have a market value of over $500 billion. The bill is now pending a full House of Representatives vote. Rep. Cody Maynard spearheaded this legislative effort, supported by crypto enthusiasts. Oklahoma has also been actively pushing Bitcoin adoption since January 9, 2025, when State Senator Dusty Deevers filed the Bitcoin Freedom Act (SB325). The legislation seeks to make Bitcoin transactions possible between state agencies, businesses, and private transactions. Deevers emphasizes that Bitcoin can be used as an inflation hedge, insulating Oklahomans’ financial security. The state’s commitment to Bitcoin is evident from past legislation. In May 2024, Oklahoma passed the Bitcoin Rights Bill (HB3594), ensuring legal protection for digital asset transactions. Residents are permitted to self-custody their digital assets under this law, which also forbids additional taxes and any state-imposed limitations on the use of Bitcoin. A more favorable climate for cryptocurrency activities is also created by protecting Bitcoin miners from needing a money transmitter license. Deevers considers Bitcoin’s decentralization a protection of money. He aligns with ex-President Donald Trump in his Bitcoin-friendly position, arguing that decentralization would protect against reckless government spending. If Oklahoma passes HB1203, the state could become a financial technology innovation national leader. Meanwhile, Bitcoin is facing critical market movements. Currently, BTC trades at 86,539 USDT, testing a crucial support zone. The 0.618 Fibonacci retracement level at 83,308 USDT presents a key demand area. A bounce from this level could drive prices back to the 92,500 USDT resistance. However, a breakdown could push BTC toward the 66,810 USDT support. The market structure indicates a retracement phase, with increased volatility. Traders are closely watching whether BTC holds above 83,308 USDT. If buying pressure builds, Bitcoin could resume its bullish momentum. Conversely, failure to maintain support may lead to further declines. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.