Texas embraces bitcoin mining as legislators pass supportive bills, SB 1929 and HB 591, solidifying the state’s position as a premier destination for the industry. However, future federal-level regulation remains uncertain, with individual states currently leading policy development.
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Texas Crypto Regulations: Unresolved Bills, Mining Rivalry, and Governor Abbott’s Choices
Texas lawmakers leave crucial crypto regulation bills unresolved. Senate Bill 1751, restricting cryptocurrency mining firms, is now unlikely to be addressed until 2025. However, House Bill 1666 and House Bill 591, await Governor Greg Abbott’s action, potentially shaping Texas’ approach towards digital assets for years to come.