The Texas severance tax is a flat 7.5% of the market value of natural gas. Opponents argue that it encourages oil companies to continue drilling. Taxes on the sale of flared gas used to mine Bitcoins would be eliminated under new legislation proposed by the Texas cryptocurrency sector to lower
Virtual currencies are specifically addressed under the Texas UCC amendment bill. HB 4474 has a significant flaw that Long uncovered. House Bill 4474 was introduced on March 12, 2021, by Texas Representative Tan Parker to better adapt commercial law to blockchain innovation and the regulation of digital assets. Virtual currencies
Many Republicans have already declared their intention to run against him. Governor Greg Abbott signed into law Texas House Bills 1576 and 4474. When China decided to stop bitcoin mining, the ‘Great Mining Migration’ to Austin, Texas, was triggered. Lee Brachter, the President of the Texas Blockchain Council, has overseen
