The Texas Senate Committee approved the anti-Bitcoin () mining bill on April 4, according to Satoshi Act Fund founder Dennis Porter.
The bill, sponsored by Texas State Senator Lois Kolkhorst, passed without a single vote against, Porter. The fact that she won the unanimous support of the committee sparked rumors that she, too, could make it through the Senate before moving on to the House to vote.
“Unfortunately, the committee members were swayed by the influence of the bill’s powerful sponsor.
There is talk that it could also pass through the Senate. It will be critical to fight the bill in the house to kill the bill.”
The bill in question is Senate Bill 1752 andto reverse the incentives implemented that were aimed at attracting crypto miners to the state. Texas mining energy consumption has seen a 75% increase in the past 12 months, primarily due to the state’s electricity demand response program.
The program currently rewards miners for returning power to the grid when there is a high demand. If the bill passes, miners will not be able to participate in this program. In addition to removing bounties, the bill also seeks to remove tax incentives and subsidies that are favoring crypto miners at the moment.
The chargefirst appeared in .