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Texas House Committee Rejects Bitcoin Mining Restrictions 🚀
Good news for crypto folks! The Texas House Committee just shot down Senate Bill 1751—you know, that "anti-mining" bill everyone was talking about. Dennis Porter from Satoshi Action Fund broke the news. Bitcoin miners across Texas are pretty pumped about this turn of events 🔥
The Senate actually passed this thing earlier. It was kind of harsh. Wanted to cap incentives for miners in demand response programs at just 10%. No more tax breaks either. Texas has been mining heaven lately. Cheap energy. Friendly rules. All that good stuff ⚡
This is big. Really big. The digital asset scene in Texas can breathe easier now. They've put serious money into local infrastructure. It seems the committee understood what was at stake.
The bill would've messed with state utility laws. Tax codes too. Not great for business 🌐
Mining operations can stay put now. No need to pack up and leave what's become prime real estate for crypto activities. Texas keeps its edge. Miners keep their demand response programs intact. No new limitations 📈
All this while Bitcoin keeps pushing toward the mainstream. Miners aren't just in it for profit—they're securing the network. Processing transactions too. Important work 🔒