🚨 Time is Running Out: Reserve Your Spot in the Lucky Draw & Claim Rewards! START NOW
Learn to gain real rewards

Learn to gain real rewards

Collect Bits, boost your Degree and gain actual rewards!

Video Courses
Video Courses
Scale your career with online video courses. Dive into your learning adventure!

Texas Lawmaker Cody Harris Proposes Crypto-Friendly Bill Protecting Miners

Texas Lawmaker Cody Harris Proposes Crypto-Friendly Bill Protecting Miners

A Texas lawmaker has proposed a Bitcoin mining bill that would recognize miners and protect them from the interference of any Texan law.

Texas lawmaker Cody Harris introduced a bill to make the state the center of Bitcoin development in the United States. The bill would offer full protection to Bitcoin developers and miners.

The bill notes that no laws or resolutions would interfere with Bitcoin mining and development in Texas. It further states that any law-abiding Texan will be free and safe to own and use Bitcoin.

Harmony ONE Explained (Beginner-Friendly Animation)

Did you know?

Want to get smarter & wealthier with crypto?

Subscribe - We publish new crypto explainer videos every week!

Harmony ONE Explained (Beginner-Friendly Animation)

Harmony ONE Explained (Beginner-Friendly Animation) Harmony ONE Explained (Beginner-Friendly Animation)

Cody Harris' crypto-friendly bill reads:

Individuals who mine Bitcoin in Texas will never be inhibited by any law or resolution that restricts the practice of securing the Bitcoin network for the safety of the virtual currency.

The bill cites China's ban on Bitcoin mining and trading in 2021 as an example of authoritarian rule. It claims that the ban was in opposition to US values.

China's crypto mining ban caused most crypto miners to move to the US, which now holds a major share of the Bitcoin mining hash rate. Texas accounts for 11.2% of the global Bitcoin mining, while the whole US is responsible for around 37%.

Most of Texas has been reaping the benefits of the migration, with an entire economy springing up to support Bitcoin mining in the state. The bill seeks to extend the protection of Section 9, Article I of the Texas Constitution, which protects citizens from unreasonable search and seizure.

The resolution's contents focus on establishing the sentiment regarding Bitcoin mining instead of making any fundamental changes to the law. It would have to be approved by the House, then move to the Senate before asking Governor's approval.

In other Texas-related news, at the end of 2022, crypto miner Argo Blockchain sold its Texas mining facility Helios to Galaxy Digital.

Gile K., Market Sentiment Analyst
Gile is a Market Sentiment Analyst who understands what public events may form what emotions. Her experience researching Web3 news and public market messages – including cryptocurrency news reports, PRs, and social network streams – is critical to her role in helping lead the Crypto News Editorial Team.
As an intelligent professional in public relations, together with the team, she aims to determine real VS fake news patterns, and bring her findings to anyone searching for unbiased news and events happening in the FinTech markets. Her expertise is uncovering the latest trustworthy & informative Web3 announcements to the masses.
When she's not researching the trustworthiness of mainstream stories, she spends time enjoying her terrace view and taking meticulous care of her outdoor environment.



Earn Huge Exclusive Binance Learners Rewards