In a recent speech to the Texas Blockchain Council, U.S. Senator Ted Cruz referred to Bitcoin as an energy security blanket for Texas’ grid infrastructure.
Cruz described Bitcoin (Bitcoin) as an “energy store,” suggesting it could serve as an energy safety net for the state’s grid infrastructure during extreme weather events or times of economic uncertainty.
“What Bitcoin presents is a real-time opportunity to improve the resilience of our network,” Cruz said.
These comments come as Bitcoin mining progresses Texas It has raised concerns about noise pollution and Health problems for residents, highlighting the need for better regulations.
Ted Cruz and cryptocurrencies
The Texas Blockchain Council Approved According to Cointelegraph, Ted Cruz is set to run for re-election to the U.S. Senate on August 12. He cited his support for Bitcoin and its potential benefits for the Texas energy grid. Cruz, who has previously spoken at TBC events, currently leads Democrat Colin Allred by eight points in a recent poll.
In his speech, Cruz emphasized that Texas, the leading U.S. state in wind energy production, faces challenges during severe weather conditions when renewable energy sources such as wind and solar often fail to generate enough power.
During such events, Cruz argued that Bitcoin miners could be quickly shut down, redirecting the electricity they consume to critical needs like heating homes and powering hospitals.
“Bitcoin is a store of power, a security blanket for the state of Texas,” Cruz said.
Texas has been a hotbed of disputes between miners and the government over cryptocurrency mining. Recently, a Texas cryptocurrency mining company, Lejilex, defendant the SEC, questioning its authority over publicly traded cryptocurrencies and challenging the classification of certain tokens as securities.
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