Texas Legislature to consider more incentives for crypto players even after FTX collapse

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Texas Legislature to consider more incentives for crypto players even after FTX collapse
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The Texas Work Group on Blockchain Matters spent the year drafting 21 recommendations to state lawmakers to create an even more attractive environment for...

with representatives from state agencies, universities and private industry. The group met monthly this year to draft its 84-page report containing 21 recommendations.

“Crypto never had a massive consumer adoption moment like what happened with Starbucks customers using QR codes in the drive-through, but we think that’s imminent,” he said. The group also suggested that miners who agree to voluntarily curtail their power usage when the state’s electric grid is overwhelmed shouldn’t be required to pay taxes on their electricity bill.

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