“We can’t wait to continue turning powerful, exclusive, behind-the-scenes moments into digital assets that help fuel progressive objectives,” said Front Row co-founder Parker Butterworth.
Texas News
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- News
Senator Cruz predicts that Bitcoin mining will be used to capture wasted renewables and Texas’ power grid within five years.
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At a November 2020 virtual conference, Rob Kaplan said "it is critical that the Fed focuses on developing a digital currency in the coming months and years."
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Two pieces of legislation related to cryptocurrencies recently took effect in the state, and many businesses already accept digital payments.
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"Companies dealing in cryptocurrencies are not immune from oversight,” said New Jersey’s acting attorney general Andrew Bruck.
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Texas aims to catch up with other crypto-friendly states and then some, but commentators say that amending a state constitution won’t happen immediately.
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Texas House Bills 1576 and 4474 officially took effect on Sept. 1 after being signed into law by Governor Greg Abbott in June.
21324 - Analysis
Bitcoin mining facilities are setting up shop in Texas, but not only for obvious reasons like wind and land opportunities. Here's why the state is becoming popular.
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The state's financial regulator join its counterparts in New Jersey and Alabama in taking action against the crypto lending platform.
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Bit Mining is looking to exit China’s market in response to the recent government crackdown on mining.
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The U.K.-based mining firm's announcement comes amid the country's Financial Conduct Authority cracking down on crypto exchanges.
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The state is already becoming known for attracting miners and attempting to pass pro-crypto legislation, with Governor Greg Abbott saying he was a "crypto law proposal supporter."
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Miners dislocated by China’s crackdown are looking to Texas for cheap electricity, but the state’s grid is already on the brink of disaster amid a sweltering summer.
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The Texas House of Representatives passed a bill to recognize cryptocurrencies under commercial law last month.
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Governor Greg Abbott has already hinted he is open to signing the bill into law.
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