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How Texas Is Planning to Become a Leader in the Use of Blockchain Technology and Cryptocurrency

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 report by Forbes published yesterday (October 2), former U.S. Army Captain Lee Bratcher, who is the Founder and President of the Texas Blockchain Council, is hosting on Friday (October 8) the one-day Texas Blockchain Summit, where many crypto luminaries — such as Senator Cynthia Lummis (Wyoming), Senator Ted Cruz (Texas), Senator John Cornyn (Texas), and Coin Metrics Co-Founder Nic Carter — will be speaking.

The Texas Blockchain Council is “a nonprofit industry association made up of companies and individuals that work in a variety of industries that are connected 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 has met with the Texas Blockchain Council on two separate occasions, and has tweeted his support for digital assets. 

Apparently, the President of the Texas Blockchain Association has stated:

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 allow for entrepreneurs to innovate.

Disclaimer

The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.