Texas
Texas Bill Limiting Bitcoin Miners' Participation in Demand Response Programs Passes Another Hurdle
The Texas Senate passed a bill that will cap how much bitcoin (BTC) miners can participate in demand response programs, under which they get paid to curtail their operations at times of high energy demand. Bill SB 1751 is now heading to the House and if approved, it will have to be signed into law by Texas Governor Greg Abbott. GRIID Chief Strategy Officer Harry Sudock discusses how the bill could impact miners in the state and his reaction to The New York Times article on bitcoin mining.
Texas Senate Passes Bill to Limit Bitcoin Miners' Participation in Demand Response Programs
Bill likely to fail in the House, says miner Marathon Digital.
The New York Times' Skewed Bitcoin Mining Exposé Reveals Blatant Bias
A new hit piece from “the paper of record” makes it clear: These are not serious people.
Texas Bill Limiting Benefits for Crypto Miners Passes Committee Vote
A proposed new law that could restrict key benefits for bitcoin miners in Texas passed a state Senate committee on Tuesday and is now headed to the full chamber. CoinDesk Regulatory Reporter Amitoj Singh explains what this could mean for miners in the state. Plus, insights on the state of crypto in India amid regulatory headwinds in the U.S.
Texas Bill Limiting Benefits for Crypto Miners Unanimously Passes Committee Vote
Texas is a major hub for bitcoin miners, many of whom have taken advantage of demand response programs the legislation looks to curb.
CBDC Outlook as Sen. Ted Cruz Proposes Ban
Sen. Ted Cruz introduced a bill on Tuesday aimed at blocking the Federal Reserve from creating a consumer-based central bank digital currency, or CBDC. The effort by the Texas senator adds to a similar state-level measure proposed earlier this week by Florida Gov. Ron DeSantis. CoinDesk Executive Director of Global Content Emily Parker breaks down the differences between the two proposals and what the opposition to a CBDC is largely about.
Bitcoin Teeters Around $28K as Fed Raises Rates by 0.25%; Sen. Ted Cruz Proposes Ban on a CBDC
Bitcoin (BTC) is teetering around $28,000, following the Federal Reserve raising rates by a quarter percentage point. Separately, Sen. Ted Cruz (R-Texas) introduced a bill aimed at blocking the Federal Reserve from creating a consumer-based central bank digital currency, or CBDC.
Core Scientific Bankruptcy Judge Approves Transfer of Over $20M of Equipment to Its Exclusive Energy Negotiator
Core Scientific had stopped paying Priority Power Management in May 2022.
Texas Regulators Say $1B Voyager-Binance Deal Benefits Halved if Alameda Loan Claim Succeeds
The benefits to creditors from Binance US' $1.02 billion offer to buy up bankrupt crypto lender Voyager hinge on a $445 million loan claim by Alameda Research, making the deal potentially not worth bothering with, Texas regulators said in a Friday court filing. CoinDesk Global Policy and Regulation Managing Editor Nikhilesh De discusses the latest details and an update on global crypto rules.
Bitcoin Mining Consulting Firm Sabre56 Raises $35M to Build 150MW of Hosting Sites
The company is moving into the hosting business and says it already has a "waiting list" of clients.
