- New Hampshire Commission on Cryptocurrencies and Digital Assets – Governor Chris Sununu has created a commission to review how Bitcoin mining operations might be integrated into the state’s energy plan.
- Texas Work Group on Blockchain Matters – A report issued by the Texas legislature recommended making Bitcoin an authorized investment for the state, while giving tax incentives to local BTC miners.
- Recommendations – Both reports conclude that further research into Bitcoin is necessary and indicate that American states are increasingly considering the benefits of embracing cryptocurrency. They also stress the need for regulation to protect consumers.
New Hampshire Commission On Cryptocurrencies And Digital Assets
Governor Chris Sununu of New Hampshire has formed a “Commission On Cryptocurrencies And Digital Assets” in order to review how bitcoin mining operations might be integrated into a statewide energy plan. The commission cites potential positive impacts for the electricity system such as contributing to a more stable electricity grid, more sustainable generation projects, and lower costs for consumers generally. This was all initiated by an executive order from Governor Sununu back in February 2022 which expressed New Hampshire’s commitment to financial services innovation.
Texas Work Group On Blockchain Matters
In response to this initiative, a report titled “Texas Work Group On Blockchain Matters” was released directed at members of the Texas legislature. It proposed making Bitcoin an authorized investment for the state while giving tax incentives to local BTC miners. The report concluded that further research into Bitcoin is needed and indicated that American states are increasingly considering Bitcoin adoption. Furthermore, it stressed that regulation is necessary in order protect consumers.