U.S. Senator proposes cryptocurrency mining bill to reduce air emissions

Cryptocurrency industry insiders have announced their support for a bill sponsored by Texas Senator Ted Cruz.
Senator Cruz said in a statement on the 1st (local time) that he was "adamant that the FLAR Act will be implemented."
The bill, titled “Reducing Flare Gas Effect on Digital Assets,” was introduced in the Senate on Wednesday. The bill would amend the U.S. Internal Revenue Code to incentivize market participants, including digital asset miners, to capture flare gas and convert it into a useful energy source.
If the bill is enacted, it would apply to facilities operating from 2026 onward. Senator Cruz emphasized that the bill would position Texas as a hub for bitcoin mining.
The bill has the backing of the cryptocurrency industry, with cryptocurrency mining company MARA Holdings (MARA)
"This bill will reduce greenhouse gas emissions and help save America money," said X.
"This will pave the way for the use of idyllic energy," said Digital Power, a group that advocates for the extractive industries.
The Network and VanEck's head of digital asset research also reportedly supported the bill.
Currently, in Texas, MARA Holdings and Riot
Several U.S.-based mining companies, including Platforms and CleanSpark, are operating in the area. However, Sen. Cruz's bill is the top legislative priority for the Senate.
Currently, the U.S. Congress is considering a bill to regulate stablecoins and establish a digital asset market structure, and some lawmakers are considering bills to ban the issuance of U.S. CBDCs and set a retirement age.
He is also pushing a bill to expand access to crypto assets through gold investments.