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PHOENIX—The Arizona has advanced the Arizona Strategic Bitcoin Reserve (SBR) Act (Senate Bill 1025) out of committee, positioning it to become the first U.S. state to vote on legislation that would authorize investing state funds in Bitcoin, Bitcoinist reported.

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Schmidle

Steve Schmidle

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Jim Nussle

The Independent Community Bankers of America (ICBA) is once again trying to eliminate competition by pushing a tax on credit unions—this time targeting those with assets over $1 billion.

BALTIMORE—Two new leaders have stepped in at credit unions in Maryland and Colorado.