Congressman Pete Sessions and Senator Cynthia Lummis believe bitcoin mining will 'play a crucial role in rebuilding energy independence in the USA.'
In October 2021, Lummis raised her concerns about the rising inflation in the States and showed her disappointment about how the American authorities failed to control the situation. However, shethe dollar’s collapse following the financial crisis is not a fatal event thanks to the existence of cryptocurrencies:
“Thank god for Bitcoin and other digital currencies that transcend the irresponsibility of governments – including our own. That is an indictment of our responsibility to address this looming, predictable, massive issue.”Over the past several months, the “Lone Star State” has emerged as the crypto mining capital of the US. This is partly due to the low prices of electricity in the area, allowing miners to operate more cheaply, and the positive stance coming from local regulators and lawmakers.
Adler described the primary digital asset as a store of value, which has enhanced security and provides instantaneous transactions “across geographical and political boundaries.” As such, embracing BTC as a means of payment for municipal taxes, fees, and penalties could be highly beneficial to Austin’s economic development.
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