Texas wants to be the centerpiece of Bitcoin innovation, says Governor Abbott

2022-11-29 18:49

Texas Governor Greg Abbott sees value in what Bitcoin means to the entire world, adding that his state “wants to be the centerpiece of that.”

Texas is Bitcoin country

Speaking to the Texas Blockchain Council, Abbott encouraged Bitcoin entities to set up shop in Texas, saying those that do will be rewarded with “ease of business” and no regulatory friction.

“We are promoting it, we are advancing it. But I would say we are providing the platform for those who are involved in blockchain, for those who are involved in Bitcoin, to make sure they are going to have a location they can come to.”

Abbott said Texas will continue advancing its pro-Bitcoin/blockchain agenda to aid the development of digital asset innovation in the state.

When quizzed on differences between Texas and other pro-Bitcoin states, Abbott said Texas created a working group to focus on improving existing laws to make the state “more inviting” to ensure Bitcoin’s success.

“Understand this, when Texas engages in legislation, we don’t want to be over-regulatory, we’re kind of anti-regulation. But we want to provide an infrastructure to make sure blockchain and Bitcoin will be able to succeed.”

According to a recent SmartAsset study on crypto-friendly U.S. states, Texas ranked joint fourth with New Jersey, behind Nevada in first place, then Florida, followed by California.

In compiling the rankings, the study examined factors including crypto job availability and the friendliness of local state legislation.

Texas snubs ESG

In August, Texas announced it would divest state funds from several providers, including BlackRock, in response to their focus on environmental, social, and governance (ESG) standards.

Texas Comptroller Glenn Hegar said the companies at the heart of the storm are responsible for pushing agendas threatening the state’s oil and gas industry.

Last month, the state of Louisiana followed suit, divesting $794 million from BlackRock, with Louisiana Treasurer John Schroder saying, “support of ESG investing is inconsistent with the best economic interests and values of Louisiana.”

In response, some observers called on divested states, which also include Utah, Arkansas, and West Virginia, to buy Bitcoin instead.

The post Texas wants to be the centerpiece of Bitcoin innovation, says Governor Abbott appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 62665.58 (+0.88%)
Объем 24H $24.433b
Изменеия 24h: 1.41 %, 7d: 0.79 %
Cегодня L: $61392.69 - H: $62665.58
Капитализация $1234.421b Rank 1
Цена в час новости $ 16172.66 (287.48%)

texas bitcoin abbott governor centerpiece wants innovation

texas bitcoin → Результатов: 126


Фото:

Bitmain Pauses Texas Mining Operations, County Officials Report

According to reports from media outlet Texas Public Radio, the Chinese mining giant Bitmain Technologies has reportedly suspended operations in the town of Rockdale. Bitmain started to build up its new facility at a former aluminum smelting factory last summer, but since the crypto economy downturn, the company’s operations at the Texas factory have allegedly paused.

2019-1-14 06:30


Фото:

Texas Updates Regulatory Guidance Regarding Cryptocurrency Activities

The Texas Department of Banking has published new guidance regarding the regulatory treatment of virtual currencies under the Texas Money Services Act. The document states that most transactions involving cryptocurrencies will not be considered a transfer of “monetary value” but the exchange of virtual currencies for fiat will likely be recognized as a “money transmission.

2019-1-5 21:00


November 30th Bitcoin, Blockchain and Cryptocurrency News Recap [VIDEO]

Ripple's UBRI Partnership with University of Texas at Austin Has Been a Huge Blockchain Success Ripple's UBRI Partnership With University Of Texas At Austin Has Been A Huge Blockchain Success Chinese Crypto Miner Huaren Capital to Launch a Digital Peso for Remittances in the Philippines Chinese Crypto Miner Huaren Capital To Launch A Digital Peso […]

2018-12-1 07:29


Texas State Securities Board Enforces Emergency Action Against Dubious Crypto-Mining Company

The Texas State Securities Board issued on November 27 an “Emergency Cease and Desist Order” against a cryptocurrency mining and trading business, dubbed My Crypto Mine. ‘My Crypto Mine’ Promised Insane Guaranteed Profits The California-based My Crypto Mine was allegedly offering unregistered securities tied to cryptocurrencies in the state of Texas.

2018-11-28 15:59


Director of Enforcement at the Texas State Securities Board Talks Bitcoin, Cryptocurrencies, ICOs and Cybersecurity [Exclusive]

Regulatory compliance is one of the most (if not the most) stressful points surrounding cryptocurrencies. Regulators across the world strive to understand and effectively classify blockchain-based projects, in an attempt to protect the investing public from fraudsters who plague this nascent industry.

2018-11-26 16:29


Фото:

Texas State Securities Board Takes Emergency Actions Against Crypto Fraudsters

The Texas State Securities Board entered emergency action on November 6, against two fraudulent companies involved in cryptocurrency mining activities. AWS Mining PTY Ltd and EXY Crypto had been allegedly deceiving investors promising unrealistic returns, enticing them through social media platforms and by recruiting unlicensed multilevel marketing agents, respectively.

2018-11-7 18:59


Фото:

‘Bitcoin Whales Where Are You? ‘ – Defense Distributed’s Cody Wilson Asks

The controversial startup Defense Distributed is in hot water and has made an appeal to the Bitcoin (BTC) and cryptocurrency communities. [Note: This is a guest article submitted by Eric Yao] Defense Distributed Appeals to Bitcoin Whales The Texas nonprofit, headed by anarchist and activist Cody Wilson, is an organization that aims to distribute open source, downloadable 3D-printed weapons.

2018-8-26 16:00


Фото:

Bitcoin is a Permissionless, Decentralized Firearm: Cody Wilson is Satoshi Nakamoto

The path to a cryptocurrency revolution might just run through a sleepy Austin, Texas industrial park, home to offices of Cody Wilson and his company, Defense Distributed in the United States. Parallels exist between downloadable files from a website, allowing users access to 3D printable firearms, and a permissionless, decentralized, censorship-resistant medium of exchange.

2018-8-14 04:50