Summary
- Senator Ted Cruz has reportedly introduced the FLARE Act to support power for Bitcoin mining.
- The effort to recycle wasted natural gas as mining power to reduce energy waste is noteworthy.
- Senator Cruz emphasized his ambition to make Texas the world's top Bitcoin mining location.
U.S. Senator Ted Cruz is pushing legislation to support power that can be used for Bitcoin (BTC) mining and reduce energy waste.
According to Altcoin Buzz, a media outlet specializing in virtual assets (cryptocurrency), Senator Cruz (Republican, Texas) has introduced the 'FLARE (Facilitate Lower Atmospheric Released Emissions) Act' to recycle wasted natural gas for mining power and support its use in Bitcoin mining.
The bill aims to encourage mining companies to generate power directly on-site and reduce the burden on the power grid during heatwaves or surges in power demand.
Senator Cruz emphasized his ambition to make Texas the world's top Bitcoin mining location.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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