Anti-Bitcoin Mining Bill Gets Unanimous Approval From Texas Senate Committee
The Texas Senate Committee passed the anti-Bitcoin (BTC) mining bill on April 4, according to Satoshi Act Fund’s founder Dennis Porter.
Senate Bill Threatens Financial Incentives for Texas Bitcoin Miners
Bitcoin mining companies in Texas, US may lose the financial incentives that gave them a competitive advantage in the state. Senate Bill 1751 aims to protect the state's electric grid under peak loads, and one of the measures is utility-scale protection.
Texas Legislature Introduces Bill to Attract Bitcoin-Related Businesses, Protect Interests of Same
The Texas legislature introduced a bill on Tuesday to attract more Bitcoin-related businesses to the state and protect the rights of Bitcoin holders, miners, and developers, according to the text of the proposed legislation.
Texas Lawmaker Introduces Resolution To Protect Bitcoin Miners and HODLers
Cody Harris, member of the Texas House of Representatives, has introduced a resolution aiming to have the legislature say the “Bitcoin economy is welcome” in the state.
Bitcoin Miners Returned Enough Power To Heat 1.5 Million Homes During Texas Blizzard
After the Electric Reliability Council of Texas (ERCOT), an independent electricity provider to more than 26 million Texas customers, introduced the Interim Voluntary Load Curtailment program for Bitcoin (BTC) miners and other similar large load consumers, the cryptocurrency miners have risen to the occasion.
ERCOT Study Shows Bitcoin Mining Is Beneficial to the Texas Grid
The American organization that operates Texas’s electrical grid, ERCOT, has published a study that shows bitcoin mining operations are instrumental in direct response systems. The report’s researchers studied the installed generation capacity based on historical data and extreme peak load scenarios. The report indicates that bitcoin mining operations are able to curtail their operations and relieve roughly 1.7 gigawatts (GW) of energy during the Texas winter.
Texas Regulator Wants Bankman-Fried Testimony in Securities Case
The Texas State Securities Board sought to delay FTX from purchasing assets from<a href="https://www.theblock.co/post/177721/ftx-shouldnt-be-able-to-buy-voyager-assets-until-after-investigation-texas-authorities"> failed crypto lender Voyager</a> Digital in October, citing concerns that FTX may have violated Texas securities and money transmitter laws and an ongoing investigation into the matter.
Texas Probe Eyes Tom Brady, Steph Curry, and Other Celebs in Endorsements of FTX
Texas is investigating celebrities who had endorsed FTX, the now-bankrupt cryptocurrency firm, for potentially violating state securities laws.
