TEXAS files a Bitcoin Strategic Reserve bill! Congratulations to Chairman @VoteGiovanni, the bill author! Chairman Capriglione is the Chair of the Texas Pensions, Investments, and Financial Services Committee so this bill has legs! No taxpayer funds will be spent on the bitcoin.
As of close of business Friday March 10 Coinbase had an approximately $240m balance in corporate cash at Signature. As stated by the FDIC, we expect to fully recover these funds. https://t.co/XY5L7m4RMs
Despite the turbulence we have seen in the traditional banking sector recently, Coinbase continues to operate as usual. At Coinbase all client funds continue to be safe and accessible including USDC conversions which will resume on Monday.
@BeckyQuick Treasury direct was unresponsive all day - help line said 2 hrs wait and never picked up ! What a travesty! I could not buy any IBond nor could thousands of others . #ibond#yellen
@JoeSquawk Joe - tried to buy the IBonds from treasury direct today after Becky’s announcement- site was broken all day ! Phone message said two hour wait - after two hours - never picked upped ! And we need 87k IRS agents ! Thousands of citizen could not get their 9.6% yield !!!