Bitcoin miner riots say that the Texas Parliament is necessary for the ‘future stagnation preparation’ in the Bitcoin protection zone.

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Research vice president of Riot Platforms at Pierre Rochard testified of the Senate Texas’s business and the Senate Committee to support the Senate bill 21, which will establish the Bitcoin Protection Zone yesterday.

On February 18, his testimony explained the role of the proposal for strengthening the national fiscal strengthening in the economic uncertainty and emphasized the supply with a major attribute that differentiated Bitcoin’s verified ledger and other digital assets.

In 2012, the University of Texas, the University of Texas, wrote a wide range of graduate research on Bitcoin, and contributed to the open source project, Rochard explained that the state protection zone would play a role in the future recession. I did it.

Pierre Rochard Testimony (Source: Pierre Rochard)

Rochard noted that the monetary policy that is independent of Bitcoin’s open source code, along with discretionary models of other cryptocurrencies such as “ETH or XRP”, allows a complete audit that contrasts with the issuance process contrasting with competitive public mining.

He also explained the power of self -usage and multicimal wallets in decentralization and democratization of asset storage using Bitcoin.

According to his remarks, he emphasizes that Bitcoin’s finite supply (superior to 21 million coins) will be issued, and investors have a long -term contribution to the potential as a rainy asset for public loan signs. I did it.

TEXAS BITCOIN Reserve Legislation

The proposed legislation removes the annual upper limit of $ 500 million in the acquisition of Bitcoin, giving the state officials the flexibility to adjust the investment level according to the market situation. SB 21 also allows investment in other digital assets if the average market cap is more than $ 500 billion. It is a threshold that only applies to Bitcoin for the time being.

Depending on the legislative document, the Texas Comptroller ‘S Office uses refrigerated storage and regular audit to maintain a safe and transparent system to oversey the preliminary.

Legislative supporters, including Lieutenant Dan Patrick, argued that this bill would be prioritized to diversify its main assets and stimulate the local economy.

In areas such as Milam County, based on Riot’s Rockdale facilities, Rochard argued that the mining facility has become an important regional employment and a major contribution to public school funding through the increase in sales tax revenues. These factors are important for strengthening economic elasticity and providing balance on potential federal fiscal pressure.

Controversy over Texas Bitcoin Protection

Rochard emphasized the mechanism of built -in supervision of the law, insisting that strong management protocols and regular audits will alleviate these risks. His remarks consisted of a strategic movement to improve the autonomy of the state as a tactical financial protection means and also managing the future of finance.

The bill also tends to be a wider tendency between the states who re -evaluate their access to digital assets with war chests exceeding $ 23 billion. Texas will join several other states that explore legislative measures to integrate cryptocurrency into public financial strategies.

Supporters insisted that such measures could reduce their dependence on traditional financial institutions, and the past reliability of traditional financial institutions has been damaged by transparency and responsibility. By using Bitcoin’s decentralized design and immutable ledger, lawmakers argue that the state reserve troops can play a reliable financial balance.

Rochard’s testimony ultimately strengthened the idea that Bitcoin has a unique market risk, but its unique characteristics provide a strong case to include in the main financial plan. The Texas Senate Committee will vote in this bill in March 2025.