Texas crypto mining incentives could be at risk. Advocacy groups look to unite against Senate Bill 1751, striving to protect the industry.
Three crypto advocacy groups have launched a campaign in response to proposed legislation that would remove many incentives for miners operating in Texas.
In an April 10 announcement, the Texas Blockchain Council, Chamber of Digital Commerce, and Satoshi Action Fund called on Texas residents to reach out to lawmakers in opposition to the state’s Senate Bill 1751.
“We need to send a strong message to policymakers that the people do not want protectionist policies that push innovation out of the market,” said Chamber of Digital Commerce founder and CEO Perianne Boring. “At a time when folks here are concerned with the economy, jobs, and a reliable energy grid headed into summer, this bill is the wrong proposal at the wrong time.”
Operations concerning Texas’ power grid have been under increased scrutiny from federal and state lawmakers and regulators since a massive winter storm in February 2021 left millions of residents without power — as well as running water — for days. Such conditions have also
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