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Crypto Prune > Regulation > Texas approves laws that confiscate bitcoin and cryptocurrency for criminal offences
Regulation

Texas approves laws that confiscate bitcoin and cryptocurrency for criminal offences

6 months ago 2 Min Read

Texas, USA, represents a legal arsenal for digital crime and will implement the SB 1498 Act from September 1, 2025. This is a regulation that allows authorities to seize all Bitcoin (BTC), NFTs (inappropriate tokens), stable tokens and other digital assets related to crime.

The measure signed by Governor Greg Abbott on Monday, June 23rd; They are trying to protect the state from money laundering, fraud and drug trafficking It is done through the digital asset ecosystem.

This law approves the body of law Management of digital assets that lead to criminal conduct by investigating. The law covers a wide range of crimes and seeks to provide prosecutors with new measures to dismantle illegal operations to evacuate Bitcoin and cryptocurrency.

SB 1498 order to ensure the safety of seized assets Anything confiscated will be stored in a cold wallet immediately. Isolate the possibility of cyberattacks while resolving legal circumstances.

Once settled, this fund will be used to fund police operations. The law clearly states that these assets will not supply the Bitcoin strategic preparations that the entities have in the future, marking a clear separation of objectives.

The law tightens Texas’ regulatory framework. The leader in the US Bitcoin industry. However, by implementing clear rules for confiscation, states send a strong message to criminals. Texas is friendly to fraudulent assets, but does not tolerate use for illegal purposes.

This measure complements other initiatives that promote Bitcoin adoption at the state level. As Cryptonoticias reports, this state, representing the eighth largest economy in the world, approved the SB 21 bill, facilitated by Senator Charles Schwartner.

See also  The Texas Project to Buy Bitcoin is Beyond Congress

With such initiatives, entities will become outside the state’s treasures. Buy and sell BTC, invest With the vision that the digital asset will serve as “strategic coverage of inflation and economic volatility.” It also grants legal protection to the final Bitcoin strategic reserve.

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