The state of Texas is reportedly aiming to become a world leader in blockchain technology in general and cryptoasset mining in particular following the latest crypto crackdown in China.
According to a Forbes report released yesterday (October 2), former US Army Captain Lee Bratcher, founder and chairman of the Texas Blockchain Council, is hosting the one-day Texas Blockchain Summit on Friday, October 8, where many of the top luminaries crypto – such as Senator Cynthia Lummis (Wyoming), Senator Ted Cruz (Texas), Senator John Cornyn (Texas) and Coin Metrics co-founder Nic Carter – will speak.
The Texas Blockchain Council is “a nonprofit industry association made up of businesses and individuals who work in a variety of industries related to blockchain technology.” It aims to “make the State of Texas the jurisdiction of choice for blockchain innovation.”
The Forbes Report went on to say that Texas Governor Greg Abbot had met with the Texas Blockchain Council twice and tweeted his support for digital assets.
Here are some of the crypto-related tweets from Abbot over the past few months:
Apparently, the president of the Texas Blockchain Association said:
“Texas is poised to become the jurisdiction of choice for blockchain innovation for several reasons, including; the business-friendly climate that has been cultivated in Texas for many years, the efforts of our Texas Blockchain Council working alongside lawmakers like Representative Tan Parker and Senator Angela Paxton to create legal and regulatory frameworks that enable entrepreneurs to innovate.“
The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptoassets carries a risk of financial loss.
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