Author Archives: Tessa Zavala

Let’s meet the contenders: Georgia has SB 93 banning TikTok from state devices with the exceptions for use by law enforcement, academic researchers and judicial proceedings. An Arizona legislator will amend a technical correction bill to add a TikTok ban for state devices and restrictions on higher education networks. Florida Governor has announced a bill […]

New Jersey’s Digital Asset and Blockchain Technology Act supporters say it goes further than New York’s crypto currency legislation by addressing custody issues. It will require that  digital assets custody must maintain “an amount of each type of digital assets sufficient to satisfy the aggregate entitlements of the persons to the type of digital asset.”  […]

Texas Legislature may consider a sales tax holiday for cryptocurrency purchases. The sales tax holiday would last 2 years. Forbes notes that “NFL football team the Houston Texans for payment of single-game box suites since August 2022.” Forbes | No Tax On Crypto Purchases — Texas Proposals Go Big On Digital Assets

States that have added NFTs to their tax structure are Pennsylvania and Washington State. Each state’s Department of Revenue provided guidance for the application of the state sales tax to NFTs. Read Pennsylvania’s and Washington’s Route Fifty | Top Sales Tax Trends to Watch in 2023.

Maryland is considering a regulatory framework for the ruse of facial recognition software. HB 223 (2023 | MD) The author referred to having a system with no rules or training creates a Wild Wild West scenario. The bill would require training, annual compliance, and limit the use of facial recognition software to these crimes: violent […]

Civil litigation against endorsers/promoters of cryptocurrency and NFTs is picking up steam. It seems celebrities who endorsed these items didn’t realize their state and federal rules for endorsing investments. Ooopsie Daisy. @WallStreetJournal

Congressional Financial Services Chair Patrick McHenry this week pointed to blockchain, the underpinnings of cryptocurrency, as ripe for data privacy legislation. Policy issues are: who owns the data parts in blockchain technology? Do we protect tri-party authentication? Do we abandon username and passwords? Are we protecting the data in its pieces along the way and […]

The Dommsdayers are here! The Dommsdayers are at Davos! According to the World Economic Forum, “93% of cyber leaders, and 86% of cyber business leaders, believe that the geopolitical instability makes a catastrophic cyber event likely in the next two years.” Popular Mechanics| A Catastrophic Mutating Event Will Strike the World in 2 Years, Report […]

Miami Heat’s Stadium is owned by the country. The county contracted with FTX for a 19 year naming rights deal with FTX. The contract has been terminated. Miami’s Republican Mayor championed Miamicoin. Miami was the first city to enter cryptocurrency waters. It launched in August 2021. It has since lost 99% of its value. Route […]

New Hampshire’s Commission On Cryptocurrencies And Digital Assets has recommended a statewide bitcoin energy plan. Positive energy impacts highlighted are a more stable electricity grid, more sustainable generation projects, and lower costs for consumers. The commission also recommended regulation to protect consumers. Bitcoin Magazine | NEW HAMPSHIRE COMMISSION RECOMMENDS STATEWIDE BITCOIN MINING ENERGY PLAN