Texas Working on a New Bill that Recognizes Citizens' Right to Use Bitcoin
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Crypto Rights for Texas Citizens
According to the document, the Texas GOP will add protections for wealth transfer and storage to the Texas Bill of Rights that will let its citizens choose their medium of exchange, "including digital currency, gold and silver coin, bullion, cash, and a scrip."
"The right of the people to own, hold and use a mutually agreed upon medium of exchange, including cash, coin, bullion, digital currency or scrip, when trading and contracting for goods and services shall not be infringed," reads the platform.
Many Republican officials are eager to establish Texas as a cryptocurrency hub. The state has already been a preferred choice for crypto miners with its cheap electricity and land charges. For instance, ten industrial-scale crypto miners draw energy from the Texas power grid, according to CNBC. However, miners had to shut their operations due to the recent record heatwave in the state.
U.S. Sen. Ted Cruz (R-Texas) said at the Texas Blockchain Summit last October, "I would like to see Texas become the center of the universe for bitcoin and crypto."
