A new bill introduced in the Texas House could set the state up to be the nucleus of Bitcoin development in the United States.

A bill that would fully protect and “welcome the Bitcoin economy.” has been introduced to the Texas State House of Representatives.
Sponsored by Rep. Cody Harris (R), and co-authored by the Bitcoin Policy Institutes’ Natalie Smolenski and Jason Brett, House Concurrent Resolution 89 describes how the Chinese government’s banning of bitcoin mining and trading in 2021 is an “authoritarian form of rule” that is “in complete opposition to the values of the United States.” This ban led to the quick migration of hash rate from China into the United States, mainly Texas, which has been reaping the benefits of the explosion in activity.