Wednesday, February 8, 2023
 

U.S. Politicians are Actively Promoting Bitcoin and Blockchain

  • States in the United States are actively involved in Bitcoin Adoption.
  • Texas is the most active Bitcoin state in the United States.
  • The New Hampshire Governor has recommended an energy review to accommodate Bitcoin mining.

Growing Bitcoin adoption in the United States was the focus of a recent session on the popular YouTube channel, Simply Bitcoin. The session reviewed several recent reports about states in the U.S. seeking to adopt Bitcoin. Not just Bitcoin but also protecting the related activities that support the cryptocurrency.

Leading in this direction is Texas, which is nicknamed “The Bitcoin Country”. The state had already released an 84-page government report endorsing its full support of Bitcoin.

The report prepared by “The Working Group on Blockchain Matters” also contained recommendations that Texas should buy Bitcoin, pass self-custody protection laws, including tax breaks from mining and also introduce Bitcoin education in schools.

The former leader of the Texas energy grid, Brad Jones was reported to have praised the emergence of several Bitcoin miners in the state. According to him, it helped them solve a lingering challenge of balancing the grid by taking up a bulk of the generated energy.

Several Bitcoin miners were set up in Texas in 2022, relocating from China where all cryptocurrency activities were banned, including mining. Conducive weather conditions and availability of power became the attraction for regions like Texas, now becoming the mining hubs in the industry.

The Governor of Texas, Greg Abbot corroborated Jones’ opinions and said that having seen the future of what Bitcoin and blockchain mean to the entire world, Texas wants to be the centerpiece of the movement. According to him, besides promoting and advancing the technology, Texas wants to be the platform for those who are involved in Bitcoin and blockchain to have a location to come to.

Apart from Texas, the Governor of New Hampshire, Chris Sununu has recommended the Department of Energy review how Bitcoin mining can help to stabilize the electricity grid. He is one of several other politicians in the U.S. that have openly promoted Bitcoin and blockchain, seeking how the technology can be adopted into the mainstream.

  • States in the United States are actively involved in Bitcoin Adoption.
  • Texas is the most active Bitcoin state in the United States.
  • The New Hampshire Governor has recommended an energy review to accommodate Bitcoin mining.

Growing Bitcoin adoption in the United States was the focus of a recent session on the popular YouTube channel, Simply Bitcoin. The session reviewed several recent reports about states in the U.S. seeking to adopt Bitcoin. Not just Bitcoin but also protecting the related activities that support the cryptocurrency.

Leading in this direction is Texas, which is nicknamed “The Bitcoin Country”. The state had already released an 84-page government report endorsing its full support of Bitcoin.

The report prepared by “The Working Group on Blockchain Matters” also contained recommendations that Texas should buy Bitcoin, pass self-custody protection laws, including tax breaks from mining and also introduce Bitcoin education in schools.

The former leader of the Texas energy grid, Brad Jones was reported to have praised the emergence of several Bitcoin miners in the state. According to him, it helped them solve a lingering challenge of balancing the grid by taking up a bulk of the generated energy.

Several Bitcoin miners were set up in Texas in 2022, relocating from China where all cryptocurrency activities were banned, including mining. Conducive weather conditions and availability of power became the attraction for regions like Texas, now becoming the mining hubs in the industry.

The Governor of Texas, Greg Abbot corroborated Jones’ opinions and said that having seen the future of what Bitcoin and blockchain mean to the entire world, Texas wants to be the centerpiece of the movement. According to him, besides promoting and advancing the technology, Texas wants to be the platform for those who are involved in Bitcoin and blockchain to have a location to come to.

Apart from Texas, the Governor of New Hampshire, Chris Sununu has recommended the Department of Energy review how Bitcoin mining can help to stabilize the electricity grid. He is one of several other politicians in the U.S. that have openly promoted Bitcoin and blockchain, seeking how the technology can be adopted into the mainstream.

 

Latest news