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🚨LATEST: ARIZONA OFFICIALLY NAMES INTERNET COMPUTER IN STATE DIGITAL ASSET RESERVE BILL Arizona has introduced Senate Bill 1649, establishing a formal "digital assets strategic reserve fund" managed by the State Treasurer. The Internet Computer Protocol (ICP) (DFINITY Foundation) is explicitly named on the approved asset roster. The fund will...

35,962 views • 3 months ago •via X (Twitter)

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Now that the GENIUS act is in the home stretch, there’s a lot of talk on what stablecoin is compliant. Is it $xrp/ripple/RLUSD? Nope Is it $usdc/circle? Nope Is it $tether? Nope It’s $tel(Telcoin) Telcoin is uniquely well-positioned under the proposed GENIUS Act due to its Digital Asset Bank Charter granted by Nebraska under the Transactions in Digital Assets Act (LB649). This codified state law explicitly authorizes the issuance and management of digital assets, including stablecoins, by chartered entities. Importantly, the GENIUS Act stipulates that only “state-qualified issuers” operating within states that have adopted a formal, legislative framework for digital assets will be eligible to issue compliant stablecoins. Nebraska’s statute clearly meets that federal requirement, giving Telcoin a clear and defensible legal pathway toward national regulatory compliance. In contrast, RLUSD, issued by Standard Custody & Trust and overseen by the New York Department of Financial Services (NYDFS), operates under a regulatory regime based on guidance rather than statute. Although NYDFS published stablecoin guidance in 2022 — mandating 1:1 reserves, auditability, and redemption rights — New York has not enacted a specific stablecoin law. That distinction matters: under the GENIUS Act, regulatory guidance alone may not satisfy federal requirements if it lacks the backing of an enacted state statute. This leaves RLUSD in a gray area of compliance, dependent on whether federal regulators view NYDFS’s oversight as sufficiently robust. The same regulatory uncertainty applies to Circle’s USDC, which is primarily issued under various state money transmitter licenses and a limited-purpose trust charter from NYDFS. Circle has advocated for federal legislation and cooperates with regulators, but like RLUSD, it lacks a foundation in a state statutory framework for digital assets. As with RLUSD, USDC’s path to GENIUS Act compliance hinges on whether its existing regulatory structure will be recognized as equivalent to the Act’s “state-qualified issuer” standard — a significant unknown. In summary, Telcoin’s operations under a legislative charter place it in a stronger position than both RLUSD and USDC under the GENIUS Act. Where others depend on discretionary recognition of regulatory guidance, Telcoin operates on the basis of codified law — a key distinction that could define future leadership in the U.S. stablecoin market.

BZ

31,932 views • 1 year ago

Bitlight Wallet & RGB Faucet - Support Feature Announcement We have added a "Support" button to the RGB Faucet page to help efficiently address issues users may encounter during usage. There are two main categories of issues: 1. Claim Failed Users may sometimes not receive assets after initiating a claim. This can happen when a user performs both a claim and transfer operation simultaneously, causing a UTXO state change that results in the claimed asset being burned. In such cases, the Faucet may display the claim as Confirmed, but the user does not actually receive the asset. In rare situations, the asset may also fail to be successfully sent by the Agent. 2. RGB Assets Become Invisible After Transfer This issue requires the user to log in with the Sender's wallet, and provide the Receiver’s xpub address along with the amount transferred between the two parties. There are two common causes: a) Consignment Issue: The Sender’s wallet shows normal status and a corresponding "sent" record, but the Receiver does not receive the asset. If the Receiver has not changed their UTXO status, the asset can typically be restored and made visible. If the UTXO status has changed, the asset may be burned and cannot be recovered. b) Pay Timeout Issue: When the Sender attempts to send the asset, the wallet may get stuck in an infinite loading state, resulting in an abnormal asset state on the Sender’s side, and the Receiver also fails to receive the asset. How We Will Help For both categories of issues, we will analyze the situation based on the information you submit via the Support form. We will do our best to resolve your issue within the limitations of the RGB protocol. Due to the single-use-seal nature of the RGB protocol, if your issue is caused by a UTXO state change that results in the asset being burned, we will not be able to recover the asset. Please ensure that all information submitted is accurate and truthful. Providing incorrect information may result in your issue being unresolvable.

Bitlight Wallet⚡️

17,044 views • 11 months ago