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Louisiana signs bill to ban CBDCs, protect right to self-custody and mine crypto

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Louisiana Governor Jeff Landry signed a significant bill, HB 488, on June 19, which sets forth comprehensive regulations to prohibit central bank digital currencies (CBDCs) and protect cryptocurrency mining activities within the state. This legislative action is a crucial step in defining the state’s stance on digital currencies and mining practices.

Key Provisions of HB 488
Prohibition of CBDCs
The bill explicitly prevents governing authorities from accepting or mandating payments in CBDCs. It also restricts participation in any CBDC pilot programs or tests conducted by the Federal Reserve Board of Governors or other federal entities. This prohibition reflects a clear stance against the integration of federally controlled digital currencies into the state’s financial systems.

Crypto Acceptance and Self-Custody Rights
HB 488 guarantees that individuals and businesses have the right to:

Accept cryptocurrencies for legal goods and services.
Self-custody cryptocurrencies in non-custodial and hardware wallets.
This provision ensures that residents can freely use and manage cryptocurrencies without external interference.
Crypto Mining and Node Operation
The bill outlines specific rules for crypto mining and node operations:

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Home Crypto Mining: Protected as long as it adheres to local noise ordinances.
Commercial Crypto Mining: Permitted in industrial-zoned areas, provided it complies with all relevant ordinances.
Operating a node to connect to a blockchain protocol, transferring crypto on the protocol, and staking on the protocol are all declared legal under the new law. These measures promote the growth of blockchain activities while ensuring they are conducted responsibly.

Regulatory and Security Measures
Louisiana’s attorney general is empowered to act against fraud and other violations related to mining and staking services. Additionally, participants in these activities must comply with federal and state securities laws. This enforcement capability is designed to safeguard the integrity of the state’s crypto ecosystem.

Restrictions on Foreign Control
The bill prohibits foreign entities from controlling digital mining businesses and mandates existing foreign-controlled businesses to divest by August 2025. Non-compliance could result in civil penalties up to $1 million or 25% of the foreign party’s interest in the business, ensuring that control of mining activities remains within acceptable regulatory boundaries.

Implementation Timeline
The bill amends existing state law and will come into effect on August 1.

Broader Legislative Context
Louisiana is not alone in its legislative efforts concerning cryptocurrency:

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Oklahoma: Passed a bill in May to protect crypto miners and the self-custody of crypto.
Montana: Enacted a law banning local governments from prohibiting crypto mining.
Arkansas: Imposed and permitted restrictions on crypto mining through recent legislation.
Moreover, several states are considering laws addressing CBDCs. As of February, 11 states had pending legislation to either block state acceptance of CBDCs, reject CBDCs as legal tender, or prohibit participation in federal CBDC trials.

Federal Developments
On the federal level, the US House of Representatives passed a bill to prevent the Federal Reserve from creating and issuing a CBDC without Congressional approval. The bill is currently awaiting consideration by the Senate.

Louisiana’s HB 488 represents a robust regulatory framework aimed at fostering a favorable environment for cryptocurrency usage and mining while safeguarding against federal overreach through CBDCs. As states continue to navigate the evolving landscape of digital currencies, Louisiana’s proactive measures may serve as a model for balancing innovation with regulatory oversight.

Source: cryptoslate.com

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Hair Transplant Market To Worth Over US$ 41.01 Billion By 2033 | Astute Analytica

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VanEck Prepares to Launch PurposeBuilt Fund to Invest in Real-World Applications on Avalanche

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Blocks & Headlines: Today in Blockchain – May 20, 2025

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Blockchain innovation continues to accelerate, weaving together emerging technologies, sustainability goals, and new financial models. In today’s Blocks & Headlines briefing—May 20, 2025—we explore five groundbreaking stories: Cerebra Supernova’s AI-blockchain energy convergence, Chainlink/Kinexys/Ondo’s blockchain DVP trial, the launch of Blockchain Cloud Mining’s “Master” digital-gold platform, Sakhila Mirza steering Responsible Gold’s blockchain expansion, and Automobili Estrema’s NFT-powered “Dizzy Viper” art drop. Each development signals how Web3, DeFi, and NFTs are reshaping finance, supply chains, and creative industries. Below, we strip away hyperlinks, offer concise coverage, and provide op-ed insights on the broader implications for blockchain’s next chapter.


1. AI & Blockchain Convergence for Sustainable Energy Systems

Key News: Cerebra Supernova, a French startup, has unveiled a pilot platform that combines AI-driven grid optimization with a blockchain-enabled energy-credit marketplace. By using reinforcement-learning algorithms to forecast renewable output and smart contracts to automate peer-to-peer energy trades, the system aims to reduce curtailment and incentivize prosumers.

Details:

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  • Reinforcement Learning Grid Management: AI agents predict wind and solar generation with 98% accuracy, dynamically adjusting dispatchable assets (batteries, gas turbines) to maintain stability.

  • Energy-Credit Tokens: Green-energy surplus is tokenized as “SolarLoop” ERC-20 tokens, tradable among households, businesses, and utilities with settlement on an Ethereum Layer-2 network.

  • Sustainability Impact: Early trials on Corsican microgrids reported a 12% reduction in fossil-fuel use and a 20% increase in renewable utilization.

Opinion & Implications:

The fusion of AI and blockchain in energy grids marks a pivotal shift toward decentralized, citizen-driven utilities. Traditional power markets struggle with intermittent renewables; embedding autonomy via smart contracts democratizes access and aligns incentives for cleaner output. However, real-world rollouts must address interoperability (across protocols), token volatility, and regulatory clarity on digital asset classification. Cerebra Supernova’s initiative may well set the template for community microgrids worldwide, but scaling will require standardized APIs, robust cybersecurity measures, and policy frameworks to integrate tokenized energy credits into broader carbon-pricing schemes.

Source: SiliconANGLE


2. Chainlink, Kinexys & Ondo Test Blockchain DVP Settlement

Key News: Chainlink Labs, Kinexys, and Ondo Finance have jointly piloted a Distributed Delivery-Versus-Payment (DVP) settlement mechanism on a public blockchain, targeting institutional bond and ETF trades. By leveraging Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Kinexys’ settlement-oracle mesh, the trial achieved atomic settlements: assets and payments exchanged simultaneously, irrevocably on-chain.

Details:

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  • Atomic DVP Workflow: Upon trade execution in an off-chain matching engine, settlement instructions trigger on-chain via CCIP messages; Kinexys oracles confirm balances, and Ondo’s tokenized cash-equivalent stablecoins (nUSD) finalize payment.

  • Performance Metrics: End-to-end latency clocked at 3 seconds per transaction, with sub-$0.50 gas costs due to Rollup-level batching.

  • Risk Reduction: Eliminates counterparty and settlement-fails risk inherent in T+2 markets, enabling real-time finality and freeing collateral faster.

Opinion & Implications:

Bridging traditional capital markets and public blockchains has long been the Holy Grail of institutional DeFi. This DVP pilot demonstrates that rigorous market-standard settlement can coexist with open-ledger transparency and composability. Yet, regulatory acceptance remains the linchpin—securities regulators must endorse on-chain finality as equivalent to legal settlement. Moreover, interoperability across permissioned and permissionless networks will determine whether tokenized securities truly scale. If such trials proliferate, expect incumbent custodians and clearinghouses to partner with decentralized-oracle providers, laying the groundwork for a 24/7 global settlement infrastructure.

Source: The Paypers


3. Blockchain Cloud Mining’s “Master” Digital-Gold Platform Launch

Key News: Blockchain Cloud Mining has released Master, a turnkey cloud-mining and staking portal enabling users to allocate fiat and crypto into diversified mining assets—Bitcoin, Ethereum PoS, and a curated basket of altcoins—via a single, web-based dashboard.

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  • Encrypted Wealth Strategy: Master abstracts miner procurement, hosting, and maintenance; users simply choose “Digital Gold,” “Ethereum Yield,” or “DeFi Basket” plans.

  • Revenue Sharing: Monthly returns distributed as tokenized dividends (DCM-TOKEN), tradable on major DEXs.

  • Security & Compliance: KYC/AML integrated Sign-in, cold-storage custody of mined coins, and quarterly third-party audits published on-chain.

Opinion & Implications:

As retail investors seek passive crypto exposure, cloud-mining platforms promise hands-off rewards but often lack transparency. Blockchain Cloud Mining’s audited model and tokenized dividend structure could elevate trust—but token economics must guard against dilution and rug-pull risks. Moreover, the environmental debate around proof-of-work mining persists; integrating renewable-energy credits or carbon offsets into mining-assets offerings could be a differentiator. As staking yields compress and DeFi bear cycles loom, platforms like Master will need to innovate risk-adjusted return products and perhaps incorporate algorithmic governance to align user incentives.

Source: GlobeNewswire


4. Responsible Gold Taps Sakhila Mirza to Lead Blockchain-Powered Expansion

Key News: Responsible Gold, the tokenized-asset platform enabling fractional, KYC-compliant gold ownership, has appointed fintech executive Sakhila Mirza as Chief Growth Officer. Her mandate: scale the “Trusted Gold” ecosystem and forge partnerships with bullion exchanges, central banks, and luxury-goods providers.

Details:

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  • Trusted Gold Tokens (TGT): ERC-721 tokens representing audited, insured physical gold bars stored in vaults across Switzerland and Singapore.

  • Expansion Strategy: Under Mirza, the platform aims to integrate with central-bank digital currency (CBDC) pilots, enabling gold-backed CBDC overlays. Plans include white-label solutions for jewelry retailers to mint fractional gold tokens at point-of-sale.

  • Governance & Audits: Monthly on-chain proof-of-reserve updates via Merkle-proof contracts; annual audits by Big Four firms.

Opinion & Implications:

Tokenizing real-world assets like gold has been heralded as blockchain’s killer app—but adoption hinges on regulatory trust, custodial transparency, and consumer education. Mirza’s track record in partnerships could bridge the gap between crypto-natives and traditional finance, positioning TGT as a credible store-of-value for both investors and commerce. CBDC integration is particularly visionary: by tethering digital fiat to gold reserves on-chain, central banks could assuage inflation concerns and experiment with programmable money. However, geopolitical tensions around reserve asset denial and cross-border gold transfers may challenge such initiatives—making governance frameworks and legal clarity paramount.

Source: Business Wire


5. Automobili Estrema & Fabian Oberhammer’s “Dizzy Viper” NFT Collaboration

Key News: Italian hypercar maker Automobili Estrema has partnered with digital artist Fabian Oberhammer to launch “Dizzy Viper”, a limited-edition NFT art series minted on the NEAR Protocol, celebrating the brand’s cutting-edge “Fulminea” electric supercar.

Details:

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  • Collector Drops: 333 dynamic NFTs featuring generative-art viper motifs synchronized to real-time telemetry data from a Fulminea test run.

  • Utility Perks: NFT holders receive VIP track day invites, factory tours, and a fractional stake in a bespoke Fulminea prototype.

  • Environmental Offset: Minting energy consumption offset via NEAR’s carbon-neutral consensus and direct funding of reforestation projects in Italy.

Opinion & Implications:

Luxury automotive brands entering the NFT arena exemplify Web3’s fusion with experiential marketing. By linking on-chain art to real-world perks and data streams, Automobili Estrema deepens fan engagement while tapping new revenue from digital collectibles. NEAR’s eco-friendly blockchain underscores the need for sustainability in NFT minting—a growing concern among high-net-worth audiences. The fractional ownership model hints at broader use cases: tokenized access to exclusive assets (cars, yachts, art) could spur secondary markets and novel governance rights. For blockchain enthusiasts, this collaboration showcases how tokenomics and experiential utility can elevate brand loyalty beyond traditional merchandising.

Source: PR Newswire


Conclusion & Key Takeaways

Today’s headlines reflect a blockchain ecosystem maturing across multiple dimensions:

  1. Sustainability & Decentralization: AI-blockchain energy grids and carbon-neutral NFT minting demonstrate a commitment to environmental stewardship.

  2. Institutional Integration: DVP settlement trials and tokenized gold underscore blockchain’s encroachment into capital markets and reserve assets.

  3. Democratized Access: Cloud-mining platforms and fractional gold tokens lower barriers to crypto and real-asset investing, while highlighting the need for transparency.

  4. Experiential Web3: Luxury brands and community microgrids leverage tokenized incentives to forge deeper user connections.

  5. Regulatory & Governance Frontiers: From Massachusetts-style AI commissions to CBDC-gold overlays, legal frameworks will shape the pace and direction of blockchain adoption.

As blockchain transcends niche use cases, cross-sector collaboration and robust governance will determine whether these innovations realize their transformative promise. Today’s stories are more than headlines—they’re signposts pointing to a decentralized, tokenized future where AI, finance, sustainability, and creativity converge on the distributed ledger.

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The post Blocks & Headlines: Today in Blockchain – May 20, 2025 appeared first on News, Events, Advertising Options.

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