Tag: Texas
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Texas Gold-Backed Token as a Gateway to Bitcoin
On November 21, Cody Harris, a Republican member of the Texas State House of Representatives, took the stage at the North American Blockchain Summit to address the development of a state-issued gold-backed digital token. In a fireside chat with David Duong, Coinbase’s Head of Institutional Research, Harris outlined the potential of this initiative to serve…
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Texas Takes Steps Toward Establishing Gold-Backed Digital Currency
Texas is making significant strides toward launching a state-backed digital currency that would be tied to gold. In early 2023, lawmakers introduced bills aimed at creating a state-issued, gold-backed digital currency, a move that could have wide-reaching implications for financial markets, sound money principles, and even the future of the US dollar. Here’s a look…
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The Shift in Sovereign Debt Markets: Could Delaware, Texas, or Florida Become the New New York?
New York has long been the cornerstone of global finance, particularly as the governing law for half of all hard-currency sovereign bond contracts. However, recent trends suggest that New York may be relinquishing its role as the world’s premier financial center. This shift opens the door for other states like Delaware, Texas, and Florida, which…
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The American Edge in Offshore Business: A Guide for Non-U.S. Citizens on Why and Where to Incorporate in the U.S.
Why Non-U.S. Citizens Should Consider the United States for an Offshore Business The concept of offshore business formation is traditionally associated with exotic locations like the Cayman Islands or Bermuda. However, for non-U.S. citizens, the United States of America emerges as an unexpectedly ideal jurisdiction. This may seem counterintuitive given the U.S.’s complex tax laws…