Texas lawmakers limited the rights and benefits for miners – Bits Media

Bill, limiting benefits for miners of crypto actes in the American state Texas and expanding the rights of supervisory authorities, unanimously adopted by the US Senate Committee.

Bill No. 1752 offers the cancellation of incentives, aimed at attracting miners in Region. The initiators of the bill believe, that the preferential state program of rewards and support of miners has outlived itself, Since the demand for electricity and its consumption during mining increased in Texas on 75% For the latter 12 months.

In addition to canceling rewards, The bill is aimed at eliminating other tax benefits and subsidies, which currently help expand the business of mining companies. for instance, In the case of the adoption of the law, a number of tax benefits for property of mining companies will be canceled.

Wherein, Computer power companies more 10 megawatts (MW) will oblige to register as operators of large loads in ERCOT. This will assign additional costs to mining companies on the implementation of mandatory measures, increasing the reliability of the state of the Texas state system.

Bill, the author of which is the state Senator Texas Lois Kolkhorst (Lois Kolkhorst), was adopted by the US Senate Committee unanimously. This caused the fear of local cryptocurrency companies about that, that it can be approved as the state law, Bypassing the stage of voting in the House of Representatives.

Earlier, member of the House of Representatives of the US Congress Cody Harris (Cody Harris) submitted a bill for discussion, aimed at protecting the rights of Bitcoin owners in Texas.