In a latest speech for the Texas Blockchain Council, U.S. Senator Ted Cruz referred to Bitcoin as an power security blanket for Texas’s grid infrastructure.
Cruz described Bitcoin (BTC) as a “reservoir of energy,” suggesting that it may function an power security web for the state’s grid infrastructure throughout excessive climate occasions or occasions of financial uncertainty.
“What Bitcoin presents is a chance in real-time to reinforce the resiliency of our grid,” stated Cruz.
These feedback come as Bitcoin mining in Texas has sparked issues over noise air pollution and well being points for residents, highlighting the necessity for higher rules.
Ted Cruz and crypto
The Texas Blockchain Council endorsed Ted Cruz for reelection to the U.S. Senate on August 12, in line with Cointelegraph. They cited his help for Bitcoin and its potential advantages for Texas’ power grid. Cruz, who has beforehand spoken at TBC occasions, is at present main Democrat Colin Allred by eight factors in a latest ballot.
In his speech, Cruz emphasised that Texas, the main U.S. state in wind power manufacturing, faces challenges throughout extreme climate when renewable power sources like wind and photo voltaic typically fail to generate adequate energy.
Throughout such occasions, Cruz argued that Bitcoin miners might be swiftly shut down, redirecting the electrical energy they eat to essential wants like heating houses and powering hospitals.
“Bitcoin is a reservoir of energy — a security blanket the state of Texas,” stated Cruz.
Texas has been a hotbed for crypto mining disputes between miners and the federal government. Not too long ago, a Texas crypto mining agency, Lejilex, sued the SEC, difficult its authority over exchange-traded crypto and disputing the classification of sure tokens as securities.
