₿𝗥𝗘𝗔𝗞𝗜𝗡𝗚: Texas passes 'Proof of Reserves' #bitcoin bill requiring exchanges to cryptographically prove they have their customer's assets.

This is common sense regulation we can all get behind. More of this on the federal level please

Can we also have the Fed prove it has the reserves ... oh wait ... doh!

@360_trader Can we get the banks to do this?

90% of exchanges will fail. Haha.

@360_trader Now do that for banks.

Makes perfect sense

Government: Crypto exchanges need to prove they have customers money on a 1:1 basis. Also Government: it’s perfectly fine if a bank only keeps 10% of their customers money in reserve.

@360_trader Now do the banks

They are unwittingly, preaching BTCs use case.

@tyler @cameron @Gemini this may have stopped you from stealing all that money from your customers! What do you think?