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'Don't Mess with Texas Innovation' — Advocates criticize bill removing crypto mining incentives

Published 04/10/2023, 12:00 PM
Updated 04/10/2023, 01:40 PM

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. The legislation, if passed, would amend sections of Texas’ utilities and tax code to add restrictions for crypto mining facilities.

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