Texas Senate Passes Bill Limiting Bitcoin Miners' Incentives and Participation in Demand Response Programs.
The Texas Senate has passed a bill that would limit bitcoin miners' participation in demand response programs to 10% and abolish tax abatements for the industry. The bill is now heading to the House, where it is expected to face more opposition from bitcoin miners and their lobbying groups. Supporters argue that miners' flexibility in powering on and off is an asset to the Texas grid, while critics see the program as subsidizing miners for their operations.