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Jinse Finance reported that Lee Bratcher, chairman of the Texas Blockchain Committee, said that Texas will become the Silicon Valley of the digital asset industry. Senate Bill (SB) 1751, known in the industry as an anti-mining bill, has never been submitted to the governor. The bill seeks to limit the lucrative energy credits that local miners have been enjoying.


Elsewhere, the passage of Senate Bill 1929 was seen as a victory for the industry. The bill requires a large number of bitcoin mining farms to register with the Electric Reliability Council of Texas (ERCOT). Supporters of the bill see it as a necessary step towards greater transparency. The bill, which requires large flexible loads over 75 megawatts to register certain details about their loads with grid operator ERCOT, will help improve communication between ERCOT and bitcoin miners.
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