Texas Governor Post Candidate Claims Owning Bitcoin and a Strong Believer

• 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 the organization’s growth to 70 members. His Texas Blockchain Meeting, held in October of last year, was the most prominent state-level blockchain summit to date.

The Texas Blockchain Council has already had two meetings with Governor Greg Abbott of Texas. In June of 2021, Governor Greg Abbott signed into law Texas House Bills 1576 and 4474, which went into effect on September 1st. The Texas House of Representatives has passed House Bill 1576, creating a blockchain technology working group. To join Rhode Island and Wyoming as the third and fourth states to recognize cryptocurrencies under the Uniform Commercial Code, HR 4474 was passed into law.

Governor Post Elections

On Saturday, Texas Gov. Greg Abbott made his formal announcement at the Hispanic Leadership Summit that he intends to compete for re-election. Many Republicans have already declared their intention to run against him.

The most vocal of Abbott’s opponents, Don Huffines, has caused quite a stir on social media, in interviews, and even during a television advertising that ran during a Dallas Cowboys game. Smith claims that the governor is unlikely to respond aggressively to him or Allen West, another Republican contender during this campaign.

Furthermore, he said that he has held Bitcoin for years and is a firm believer in the cryptocurrency, according to a post on the Blockworks Twitter account.

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