Crypto Miner supports US Senator’s efforts to stimulate famous gas
Sinator Texas Ted Cruz has suggested a bill aimed at motivating encryption miners to use incandescent gases to generate energy in the state.
In a notice on April 1, Cruz He said He presented the facilitation of low emissions in the atmosphere, or glow, in the US Senate, with the aim of making Texas “the first place to extract bitcoin”. Network Digital Power Network Digital Group Group Digital Bill and Bitcoin (BTCMara Holdings Mine Support The proposed legislation on X, claiming that it will reduce emissions and “open the energy that has been cut off”.
April 1 Flare draft law. source: Ted Cruz
According to the text of the draft law, the lighting law Proposal Modifying the American internal revenue code to motivate the market participants-including miners digital assets-“to capture gas that can collapse or vent and use this gas in value-added products.” If the law is logged in, the legislation will be valid on the real estate that is placed in the service that begins in 2026.
Related to: Bitcoin mining using coal power by 43 % since 2011 – Report
Cruz, a Republican, a US Senate member who has been serving since 2013, has suggested legislation compatible with the prevailing figures in his party, including US President Donald Trump. he Submit In March to ban the Federal Reserve from the release of a central bank currency (CBDC) I personally revealed a contract Up to $ 100,000 in Bitcoin, starting from August 2024.
The encryption bills move through the US Congress
In addition to the incentives of the energy proposed in the bill, Cruz said that the language “prohibits the entities owned by China, Iran, North Korea or Russia” that may work in Texas to restore its costs in the same way. Many American miners, including Mara, riots and Cleanspark, work in the state.
It is not clear whether the Cruz Bill will be a legislative priority in the Senate as a conference The bills are the organization of Stablecoins And the creation of the market structure for digital assets in the United States. Some legislators also proposed legislation that may prohibit the American Biological Diversity Agreement Remove organizational obstacles To allow Americans to invest in encryption for their retirement plans.
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