{"id":48797,"date":"2021-09-02T20:09:01","date_gmt":"2021-09-02T17:09:01","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=48797"},"modified":"2025-09-02T09:14:55","modified_gmt":"2025-09-02T06:14:55","slug":"texas-brings-digital-assets-into-its-legal-framework","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/texas-brings-digital-assets-into-its-legal-framework\/","title":{"rendered":"Texas brings digital assets into its legal framework"},"content":{"rendered":"<p>On September 1, Texas enacted a law that adapts commercial law to blockchain and cryptocurrencies. It defines digital assets and establishes a regulatory framework for investment in the sector.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;A virtual currency is a digital representation of value that acts as a medium of exchange, a store of value, and a unit of account, often secured using blockchain technology.&#8221;<\/p>\n<\/blockquote>\n<p>The document establishes the regulatory framework for ownership of cryptocurrencies and transactions involving them. Specifically, it sets out the procedure for identifying holders of digital assets and their legal rights.<\/p>\n<p>Texas Governor Greg Abbott <a href=\"https:\/\/legiscan.com\/TX\/bill\/HB4474\/2021\">signed<\/a> the law on June 15. Earlier he said that the state <a href=\"https:\/\/u1f987.com\/en\/news\/texas-to-establish-regulatory-framework-for-cryptocurrency-investments\">&#8220;must be involved in the rapidly evolving blockchain industry.&#8221;<\/a>.<\/p>\n<p>Earlier in the month, the Texas Department of Banking <a href=\"https:\/\/u1f987.com\/en\/news\/texas-authorities-allow-banks-to-store-cryptocurrencies\">allowed state banks to hold cryptocurrencies<\/a>.<\/p>\n<p style=\" margin: 12px auto 6px auto; font-family: Helvetica,Arial,Sans-serif; font-style: normal; font-variant: normal; font-weight: normal; font-size: 14px; line-height: normal; font-size-adjust: none; font-stretch: normal; -x-system-font: none; display: block;\">   <a title=\"View HB04474I on Scribd\" href=\"https:\/\/www.scribd.com\/document\/522877018\/HB04474I#from_embed\" style=\"text-decoration: underline;\">HB04474I<\/a> by <a title=\"View ForkLog's profile on Scribd\" href=\"https:\/\/www.scribd.com\/user\/456422024\/ForkLog#from_embed\" style=\"text-decoration: underline;\">ForkLog<\/a> on Scribd<\/p>\n<p><iframe loading=\"lazy\" class=\"scribd_iframe_embed\" title=\"HB04474I\" src=\"https:\/\/ru.scribd.com\/embeds\/522877018\/content?start_page=1&#038;view_mode=scroll&#038;access_key=key-acCSllJWlqfNiWICiTSC\" data-auto-height=\"false\" data-aspect-ratio=\"0.6069986541049798\" scrolling=\"no\" id=\"doc_24427\" width=\"100%\" height=\"600\" frameborder=\"0\"><\/iframe><\/p>\n<p>Subscribe to ForkLog news on <a href=\"https:\/\/vk.com\/forklogcom\" target=\"_blank\" rel=\"nofollow noopener\">VK<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On September 1, Texas enacted a law that adapts commercial law to blockchain and cryptocurrencies.<\/p>\n","protected":false},"author":1,"featured_media":48798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1269,36,26],"class_list":["post-48797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrencies","tag-regulation","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48797","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=48797"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48797\/revisions"}],"predecessor-version":[{"id":48799,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/48797\/revisions\/48799"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/48798"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=48797"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=48797"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=48797"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}