In a current speech for the Texas Blockchain Council, U.S. Senator Ted Cruz referred to Bitcoin as an vitality security blanket for Texas’s grid infrastructure.
Cruz described Bitcoin (BTC) as a “reservoir of energy,” suggesting that it might function an vitality security web for the state’s grid infrastructure throughout excessive climate occasions or occasions of financial uncertainty.
“What Bitcoin presents is a chance in real-time to reinforce the resiliency of our grid,” stated Cruz.
These feedback come as Bitcoin mining in Texas has sparked considerations over noise air pollution and health issues for residents, highlighting the necessity for higher rules.
Ted Cruz and crypto
The Texas Blockchain Council endorsed Ted Cruz for reelection to the U.S. Senate on August 12, based on Cointelegraph. They cited his help for Bitcoin and its potential advantages for Texas’ vitality grid. Cruz, who has beforehand spoken at TBC occasions, is at present main Democrat Colin Allred by eight factors in a current ballot.
In his speech, Cruz emphasised that Texas, the main U.S. state in wind vitality manufacturing, faces challenges throughout extreme climate when renewable vitality sources like wind and photo voltaic usually fail to generate adequate energy.
Throughout such occasions, Cruz argued that Bitcoin miners might be swiftly shut down, redirecting the electrical energy they eat to important wants like heating properties and powering hospitals.
“Bitcoin is a reservoir of energy — a security blanket the state of Texas,” stated Cruz.
Texas has been a hotbed for crypto mining disputes between miners and the federal government. Just lately, a Texas crypto mining agency, Lejilex, sued the SEC, difficult its authority over exchange-traded crypto and disputing the classification of sure tokens as securities.
