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 ...
The Texas Senate has approved a Bitcoin strategic reserve bill, SB-21, with a vote of 25-5 on March 6. Senator Charles Schwertner, who sponsored the bill, believes it will strengthen Texas’ financial position by allowing the state to hold a valuable asset like Bitcoin, which he compares to gold rather than the US dollar. Initially ...
Several states in the U.S., including Oklahoma and Texas, are moving to invest public pension funds in Bitcoin and other cryptocurrencies. This push is driven by the belief that digital assets can enhance investment diversification and potentially offer high returns. Oklahoma’s House committee recently backed a bill that would allow the state to allocate up ...
Republicans in Texas are pushing to create a “strategic reserve” for Bitcoin, potentially using taxpayer dollars to invest in the cryptocurrency. This initiative is on the priority list of Lieutenant Governor Dan Patrick and has the backing of Governor Greg Abbott. Led by Senator Charles Schwertner, the proposed Senate Bill 21 would allow the state ...
Texas Senate Bill 21 (SB-21) aims to create a strategic reserve for Bitcoin and other cryptocurrencies, receiving unanimous support from the Senate Banking Committee. The bill grants the Texas Comptroller the power to buy, sell, and trade cryptocurrency as a way to protect residents from inflation and economic instability. As other states like Oklahoma and ...
Texas Senator Charles Schwertner has introduced a new Bitcoin reserve bill called “SB 21,” eliminating the previous $500 million annual purchase limit and allowing the state to invest more in Bitcoin and other cryptocurrencies with a Market cap above $500 billion. This updated legislation moves beyond just holding Bitcoin as a strategic asset; it enables ...
A recent cold wave in the United States has led to the first decrease in Bitcoin mining difficulty since September 2024. As temperatures plummeted following an explosion in the Arctic, energy demands spiked, causing electricity prices to rise and forcing many Bitcoin miners to reduce their operations. This situation is significant as the U.S. accounts ...
Yesway, a rapidly growing convenience store chain, has expanded its footprint by opening five new Allsup’s locations in Texas and New Mexico, bringing its total to 440 stores across nine states. The new stores, each covering 6,277 square feet and open 24/7, offer popular items like Allsup’s famous burritos, as well as snacks, groceries, and ...
Texas lawmakers have introduced a bill to create a strategic bitcoin reserve for the state, allowing the collection of taxes and donations in bitcoin. This initiative, led by Republican Representative Giovanni Capriglione, aims to strengthen Texas’ financial stability and position it as a leader in bitcoin innovation. By holding bitcoin for at least five years, ...
