Texas: Don Huffines designs the “Citadel of Bitcoin” https://ift.tt/3efzsqV

Republican gubernatorial candidate Don Huffines said he wants to make Texas the “Citadel of Bitcoin.” In his tweet, he announced that he had revised the State’s Bitcoin Policy. 

Texas, pro-Bitcoin gubernatorial candidate Don Huffines

Don Huffines joins the list of pro-Bitcoin politicians in the midst of his run for the Texas government. 

In one of his tweets, he announces that he has revised the Texas Bitcoin Policy with the aim of turning the State into the Citadel of Bitcoin. Here’s how:

“Hello patriots! My team and I are currently reviewing Texas’s Bitcoin policy.

I want to make Texas the citadel for Bitcoin. If you have ideas I would love to hear them.

DM’s are open.”

The next day, again, Huffines communicates the strong involvement from his supporters with new ideas. 

“Getting a lot of great ideas from a lot of patriots on how to make Texas more Bitcoin friendly. Policy proposals coming soon. Thanks for the flag, TheRandomOne18!”

Texas supports Bitcoin and crypto: from mining to politics

After China’s far-flung ban last May 2021, Texas, along with other countries around the world, has become a new frontier for Bitcoin mining. 

The US state offers a deregulated energy market, in the sense that everyone is free to choose the most convenient supplier, in a state where the cost of energy, in general, is already low and where production is also high. Some mining farms, such as those headed by Argo Blockchain, have been established in Texas. 

This has also been possible thanks to the support of the country’s legal framework, the so-called Virtual Currency Bill, which has made it increasingly Bitcoin and crypto-friendly. 

In fact, with the aim of providing legal clarity on virtual currency, Texas has since the beginning increasingly facilitated business and investment in the sector, as well as becoming during the course of the year “the Mecca of bitcoin miners” ( Cited by Greg Abbott, current Texas governor). 

Even the Democratic Party, in order to strengthen its existence, has proceeded to relaunch itself in the cryptocurrency world, choosing the now explosive Non-Fungible Token sector. In fact, in mid-October, the Front Row marketplace was involved in releasing new political NFTs, the proceeds of which will be used as the party’s fundraiser. 

Don Huffines as Francis Suarez in Miami and Eric Adams in New York

While it is well established that Texas is pro-Bitcoin, Don Huffines seems to want to emerge as a politician as well in his run for governor. 

Something that other politicians in the US would have already done as mayors. These are Francis Suarez, mayor of Miami, and Eric Adams, mayor of New York, both of whom are in favor of wanting to receive their salaries in Bitcoin. 

And indeed, at the beginning of November 2021, Francis Suarez would publicly respond to a tweet from the famous investor Anthony Pompliano, announcing that he wanted to be the first US politician to receive his salary in Bitcoin. 

A few days later, Eric Adams of New York would also follow suit with his Florida colleague’s statement, declaring that as soon as he starts his next term as mayor of NYC (from January 2022), he would take his first three salaries in Bitcoin.