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Lawmakers in New York state are reviewing a proposed bill to fight crypto scams and rug-pull attacks. This Bill comes amid increasing efforts to protect retail investors from fraud involving new technologies. According to reports from Blockbeats, the proposed bill, A06515, introduced by Assembly man Clyde Vanel, seeks to amend the New York Penal Law. This amendment would involve adding provisions specifically addressing fraudulent crypto sector activities. The proposed bill aims to include major illegal activities, such as rug pulls, private key fraud, and scams involving undisclosed interests in virtual tokens. It would establish criminal penalties to prevent these crypto attacks. Under the proposal, new criminal charges would be created, explicitly targeting deceptive practices associated with cryptocurrencies. Given the meteoric adoption of crypto, this bill emphasizes the need for proper security measures. With the huge profits experienced in the crypto market, the chances of bad players skyrocket. Meanwhile, the bill comes after a rug-pull attack on the LIBRA coin endorsed by Argentine President Javier Milei. Notably, eight project-related wallets dumped $107 million through liquidity manipulation, raising questions regarding the project’s intent. Within hours, this triggered a 94% price collapse, wiping out investor capital worth about $4 billion. As we reported earlier, investigations uncovered cross-chain transfers and suspicious wallet activity pointing to a single group controlling the LIBRA and MELANIA token launch. The findings, therefore, suggest coordinated pump-and-dump schemes by the same group. LIBRA, once envisioned as a revolutionary digital currency, now faces regulatory and reputational challenges. Globally, the LIBRA controversy has outraged crypto supporters, who are concerned that it damages the credibility of blockchain innovation. Analysts highlight that the Milei-backed LIBRA scandal has exposed vulnerabilities in projects that rely heavily on celebrity endorsements and speculative hype. As crypto scams continue to increase, several agencies are intensifying their efforts to ensure that the blockchain arena becomes a safe space for users and investors. In our recent update, we examined the move by the US Securities and Exchange Commission (SEC) to launch the Cyber and Emerging Technologies Unit (CETU) to protect retail investors from fraud. This team has a new emphasis on digital security, signifying a change from the past Crypto Assets and Cyber Unit. In addition to managing crypto fraud cases, they will pay more general attention to cybersecurity. The government has formed alliances with multinational tech giants like Google and Meta to tackle crypto scams in India. Through the partnership, Google has included its payment system, Google Pay, in the national scam reporting system. On the other hand, Meta worked with government agencies to introduce instructional campaigns to increase public knowledge of online scams.

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The biggest post in #Bitcoin history after the US State of #Texas is now a new user of Bitcoin to store value instead of the central banks. This is the best value store in the history of man with a trustworthy ledger. Thats the nutshell. Now move on to this: 20 U.S. states with the lowest budget deficits Wyoming - Surplus from energy revenues; small population. Governor: Mark Gordon (Republican) North Dakota - Oil-driven surpluses; strong fiscal health. Governor: Doug Burgum (Republican) (Note: Burgum’s term ends in 2025; Kelly Armstrong, also Republican, takes office later in 2025, but as of now, it’s Burgum.) Utah - Fiscal conservatism; $1.2 billion surplus in 2022. Governor: Spencer Cox (Republican) Tennessee - No income tax; $1.5 billion surplus in 2022. Governor: Bill Lee (Republican) Idaho - Growth and low spending; consistent surpluses. Governor: Brad Little (Republican) Texas - No income tax; $32.7 billion surplus in 2023. Governor: Greg Abbott (Republican) Florida - Tourism and no income tax; $17.6 billion surplus in 2022. Governor: Ron DeSantis (Republican) South Dakota - No income tax; steady surpluses. Governor: Kristi Noem (Republican) Nebraska - Agricultural base; $1.2 billion surplus in 2022. Governor: Jim Pillen (Republican) Delaware - Recent surpluses (e.g., $1.4 billion in 2024). Governor: John Carney (Democrat) (Note: Carney’s term ends January 2025; Matt Meyer, Democrat, was elected in 2024 and takes office later in 2025, but as of now, it’s Carney.) Iowa - Balanced budgets; $1.9 billion surplus in 2022. Governor: Kim Reynolds (Republican) Georgia - Economic growth; $6.4 billion surplus in 2023. Governor: Brian Kemp (Republican) Alabama - Low spending; steady surpluses. Governor: Kay Ivey (Republican) Missouri - Moderate growth; $4.9 billion surplus in 2022. Governor: Mike Parson (Republican) (Note: Parson’s term ends January 2025; Mike Kehoe, also Republican, takes office later in 2025, but as of now, it’s Parson.) West Virginia - Energy revenue; $1.1 billion surplus in 2023. Governor: Jim Justice (Republican) North Carolina - Growth; $4.7 billion surplus in 2022. Governor: Roy Cooper (Democrat) (Note: Cooper’s term ends January 2025; Josh Stein, Democrat, takes office later in 2025, but as of now, it’s Cooper.) Minnesota - $2.4 billion surplus projected for 2024–2025. Governor: Tim Walz (Democrat) Washington - Tech economy; $1.6 billion surplus in 2023. Governor: Jay Inslee (Democrat) (Note: Inslee’s term ends January 2025; Bob Ferguson, Democrat, takes office later in 2025, but as of now, it’s Inslee.) Montana - Energy and tourism; $1.5 billion surplus in 2023. Governor: Greg Gianforte (Republican) Oklahoma - Oil revenue; $1.1 billion surplus in 2022. Governor: Kevin Stitt (Republican)

Ricardo Salinas Pliego, a Mexican billionaire and founder of corporate conglomerate Grupo Salinas, has recently revealed that a massive chunk of his liquid portfolio is in Bitcoin (BTC) and BTC-related assets. With an estimated net worth of $5.8 billion, Salinas is the third-richest man in Mexico and among the top 200 richest people in the world. A Case For Bitcoin In A Portfolio Despite falling prices, Salinas is incredibly bullish about the world’s largest cryptocurrency. Ricardo Salinas told Bloomberg that 70% of his liquid investment portfolio is in Bitcoin. The remaining 40% consists primarily of gold, stakes in gold mining firms, and shares in his own businesses. “I’ve got about 70% in Bitcoin-related exposure and 30% in gold and gold miners,” Salinas quipped. “I don’t have a single bond and I don’t have any other stocks except my own.” The 70% figure is up from 2020, when the business magnate revealed 10% of his portfolio was in Bitcoin — saying at the time that the asset “protects the citizen from government expropriation.” Upping his holdings highlights his increasing confidence in Bitcoin as a reliable asset for wealth preservation. Salinas And Bitcoin: A Likely Match Salinas has long been a Bitcoin advocate. In October 2020, the cloud computing expert turned Bitcoin bull shared a list of book recommendations, including The Bitcoin Standard, by economist Saifedean Ammous. Not long after, he admitted he held Bitcoin in his portfolio. And then the billionaire fell deeper into the Bitcoin rabbit hole and changed his Twitter bio to include the world’s largest crypto by market cap. Salinas has since talked about Bitcoin frequently on social media, even encouraging his Twitter (aka X) followers in a December 2021 New Year message to avoid fiat and invest in Bitcoin. The price of Bitcoin leaped to as high as $94,770 on Sunday after Trump’s announcement for a United States crypto strategic reserve. However, the asset slipped below $82,000 earlier today as President Trump’s 25% tariffs on Mexico and Canada took effect. At the time of publication, the apex crypto had rebounded to $89,742.