The US state of Texas has passed a bill to restrict incentives enjoyed by Bitcoin (BTC) miners.
The Texas Senate, in its session on April 12, Bitcoin miners benefited from restricting the incentives a bill to 30 opposite one like overwhelming One mostly he accepted. The bill will go first to the State Legislature and then, if approved, to Texas Governor Greg Abbott’s approval.
The amended bill allows Bitcoin miners to be part of the state. increased energy needs in periods cut their production in return energy credit was getting them. Senate on the electricity grid when usage increases tax incentive incentives for some miners to stop their operations. 10% with will limit.
on the other handTexas Blockchain Council, Chamber of Digital Commerce And Satoshi Action Fund like crypto lobbiesin trade barrier to competition He launched a campaign against the bill, claiming that
CEO of Bitcoin mining company Marathon Digital Fred Thiel In a statement on the subject, the laws of the elected officials sensitive enough hand they didn’t get expressed. The CEO, in addition, council And from the governor’s approval if it passes Riot Platforms mining companies operating in the state, such as their income will fall suggested. In addition, companies that will be affected by the law themselves new One center can choose he also added.
Thiel, the Senate anti crypto currency possible policies results He used the following statements about:
Politicians are currently pushing Bitcoin and cryptocurrencies offshore. This means that countries that the US does not want to have control over this technology will have control over this technology.
The CEO also stated that the bill is contrary to the Senate. in the House of Representatives much more contentious anticipates it will be the subject of a vote. The CEO says that unlike the senate, the parliament is not involved in Bitcoin mining. positive aspects understand better because more crypto friendly Said it had members.