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News Explorer — Texas Could Become 'Silicon Valley' of Crypto, Says Blockchain Council President

Generated by AI, curated by humans

Jun 9, 3:21 pm

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Texas Could Become 'Silicon Valley' of Crypto, Says Blockchain Council President

Texas's 88th legislative session has been a successful one for local Bitcoin miners, with the blocking of one bill and the passage of several others that will likely keep the state attractive for miners. These bills include SB 1929, which requires large Bitcoin mines to register with ERCOT, and HB 591 and HB 1666, which provide tax incentives and proof-of-reserves regimes respectively.

Texas's 88th legislative session has been a successful one for local Bitcoin miners, with the blocking of one bill and the passage of several others that will likely keep the state attractive for miners. These bills include SB 1929, which requires large Bitcoin mines to register with ERCOT, and HB 591 and HB 1666, which provide tax incentives and proof-of-reserves regimes respectively.

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