How Texas Is Planning to Become a Cryptocurrency and Blockchain Technology Leader

Following China's recent crypto crackdown, Texas is allegedly seeking to become a global leader in blockchain technology in general and cryptoasset mining in particular.

According to a Forbes report published yesterday (October 2), former U.S. Army Captain Lee Bratcher, the Founder and President of the Texas Blockchain Council, will host the one-day Texas Blockchain Summit on Friday (October 8) where many crypto luminaries — including Senator Cynthia Lummis (Wyoming), Senator Ted Cruz (Texas), Senator John Cornyn (Texas), and Coin Metrics Co-Founder Nic — will speak.

“A nonprofit industry organization made up of businesses and people that operate in a range of sectors that are linked to blockchain technology,” according to the Texas Blockchain Council. Its goal is to “make Texas the preferred state for blockchain innovation.”

Texas Governor Greg Abbot has met with the Texas Blockchain Council on two occasions, according to Forbes, and has tweeted his support for digital assets.

The President of the Texas Blockchain Association, according to reports, stated:


“For several reasons, Texas is poised to become the jurisdiction of choice for blockchain innovation, 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 allow entrepreneurs to innovate, and 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 allow for entrepreneurs to innovate.

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