Articles for tag: Bitcoin Mining, crypto legislation, energy incentives, environmental sustainability, FLARE Act, Ted Cruz, Texas

April 2, 2025

Crypto Miner Supports US Senator’s Push to Incentivize Flaring Gas for Sustainable Energy Solutions in Cryptocurrency Mining

Texas Senator Ted Cruz has introduced the FLARE Act, a bill designed to encourage crypto miners to utilize flared gas for energy production. He aims to make Texas a leader in Bitcoin mining while promoting environmental sustainability by reducing emissions. The bill, supported by the Digital Power Network and Bitcoin mining company MARA Holdings, proposes ...

March 27, 2025

Market News

Crypto

Texas Challenges IRS Cryptocurrency Regulations: Key Insights on Compliance and Impact for Businesses

The U.S. Senate recently passed a resolution with a 70-28 vote, led by Senator Ted Cruz (R-Texas), to reverse a Biden administration rule that regulated software developers involved in decentralized financial (DeFi) technology. The rule classified these developers as “brokers,” despite them not handling any cryptocurrency directly. This resolution, which already cleared the House, now ...