This week in the US regulation, the Trump 2.0 trend continued for the healthy digital asset law with three new bills within two days. This included legislation that affects where the block rewarding mines Källler, how Americans can invest their pension money and which foreign -owned companies can register with the US raw material regulator.
Stimulating miners
First rounded the US Senator Ted Cruz (R-TX) Mars with introduction “Facilitate the Law of Lower Atmospheric Emissions (Flare),” which would decentralize electricity sources and promote on site Energy production To strengthen the grid’s elasticity during periods of high demand or extreme weather.
The invoice Would too stimulate Entrepreneurs and Block reward miners Using natural gas that would otherwise be stranded.
“I’m committed to making Texas a place for Bitcoin mine,” Cruz said. “This bill benefits from Texas enormous energy potential, strengthens our position as a home for the Bitcoin industry and is good for the environment.”
The bill deals with the practice of “flaning” and “venting”, which are controlled processes for disposing of gas, usually for emergency and safety purposes, but also in situations where it may not be possible for the gas to use, export, stored or re-entered; Flaring is the ignition of the gas and ventilates the release of unmatched gas. These processes, of course, result in potential energy resources being wasted.
In practical terms, Flere ACT would allow companies to immediately deduct the full cost of specific equipment that takes in natural gas and converts it into electricity or other useful energy rather than spreading the deduction for several years. This economic incentive encourages more business-to-examples large-scale calculation centers or Block reward mining The business – investing in equipment that turns wasted natural gas, which would otherwise be flared or ventilated, to useful power.
The announcement of the Flare ACT was approved by Digital Power Network, an organization such as the point of political defamation for block reward mining.
Hailey Miller, Head of Government Relations and Public Policy for Digital Power Network, praised the bill for creating “strong incentives for industries, including bitcoin mining, to turn wasted energy into productive use cases that strengthen the network and run economic growth.”
“By providing permanent full cost of infrastructure that captures and uses blown gas, the bill creates strong incentives for industries, including Bitcoin mine operation, to turn wasted energy into productive use cases that strengthen the network and operate economic growth,” Miller said.
She added, “Bitcoin miners are uniquely positioned to reduce emissions by utilizing stranded and wasted energy sources, and the Flare team ensures that US energy producers have tools to distribute advanced solutions that make our energy markets more efficient and resistant.”
Flare ACT also contains a provision that prohibits units owned by China, Iran, North Korea or Russia from using this cost reset option. This concern about some rival countries serving from American politics was reflected in one of the following today’s bills.
Tuberville double counting
One day after Senator Cruz introduced his Flare Act, colleagues Republican Senator Tommy Tuberville (R-Al) reinstated Two legislative parts related to “Protect American Cryptocurrency.”
In addition to expressing concerns related to custody and registration, valuation and the developing regulatory environment, Dol’s guidance suggested that managers who offer digital assets in 401 (k) plans could meet investigations and legal audit according to it Employee Pension Revenues Security Act (ERISA).
“Co -operation in 401 (K) investments through over -regulation limits economic growth and limits personal freedom,” Tuberville said. “The federal government, which is $ 36 trillion in debt, should not tell anyone how to invest their money. My bill ensures that hard -working Americans have the financial freedom to decide on how to invest their pension savings.”
Financial Freedom Act-Var’s reintroduction cosponsored by Senator Cynthia Lummis (R-WY) -haul make it easier for investors and fiducians of retirement Planning to invest in digital assets without the risk of additional legislation and repercussions if money is lost.
Ban Chinese digital asset companies
The second of Tuberville 1 April -Backs was Prohibit foreign opponent disorders in the Cryptocurrency Act of CryptocurrencyThat would prevent the Commodity Futures Trading Commission (CFTC) from registering a digital trading platform owned in whole or in part by a company organized or established in China.
It also requires CFTC to recall the registration of any digital trading platform in the event that a unit of tape to the Chinese Communist Party (CCP) acquires all or any part of the company.
The press release For the bill, it claimed that digital commodity platforms collect and store the user’s personal information – including social security numbers, postal addresses and financial account details – therefore allows such units based in the People’s Republic of China (PRC) to access this information “raises serious problems.”
“For four years, the Biden administration sat America last – bent for China on every tour and allowed our opponents to move forward,” Tuberville said. “Thanks to President Trump, these days are over. Crypto is the future, and we must ensure that our markets are protected from bad players like China who want to destroy us. This critical bill will protect our markets and make Americans safer.”
Rhetoric is very much in line with an increasing focus on “China threat” since the election of President Trump in November last year.
Trump’s long -term campaign against China, recently culminated with the introduction of 34% customs on Chinese importhave clearly sipped into the legs of the Republican party.
Evidence of this can be seen in Senator Cruz’s Flare ACT, which included a specific provision related to Chinese companies, while Senator Tuberville’s bill tries to keep Chinese companies out of the US digital asset market completely.
Tuberville did not make any legs about his personal views about geopolitical questionAs the press release for the prohibiting foreign opponents involvement in the Cryptocurrency markets noted: “Senator Tuberville believes that CCP is trying to take over the United States as the main global superpower and that America must meet China’s growing military and non-military threats with clear eyes.”
It stated that the bill will “help to brick off the growing US digital asset industry from Chinese involvement and help ensure continued US leadership in financial innovation.”
All three legislative proposals will now enter into the long and turmoil American legislative process, where they will eventually meet separate votes and separate fate. But when all three tow the party and the Trump lines – which are essentially the same nowadays – they have a decent chance of success.
Look: Break solutions on blockchain control barriers
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