JAKARTA - The draft Bitcoin (BTC) anti-mining law proposed by the Texas Senate Committee has sparked controversy and criticism from the crypto community.
The bill, sponsored by Texas State Senator Lois Kolkhorst, proposes to remove all incentives provided to crypto miners in the state, including an electricity demand response program that rewards miners who help maintain the stability of the power grid.
According to Satoshi Act Fund founder Dennis Porter, the bill is a serious threat to the crypto industry in Texas and will hurt the state's economy. Porter said the bill was driven by political and economic interests who did not like the crypto development in Texas.
Porter also said that the bill had no scientific or logical basis and was based on a misunderstanding about the impact crypto mining on the environment and the power grid.
Porter invites crypto supporters to unite against the bill and contact their representatives in the Senate to reject it. He also said that the bill could still be prevented if there was enough votes against it in court. Porter hopes that senators will listen to the voice of the people and protect the freedom and innovation offered by crypto.
"Texas is one of the most crypto-friendly states in the US and has great potential to become a global crypto mining center. If this bill is passed, we will lose this opportunity and provide profits to states or other countries that support crypto more," Porter said. quoted from CryptoSlate.
We must not allow this to happen. We must fight for our right to mine Bitcoin and use this future technology," he added.
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