U.S. Senator Ted Cruz (R-TX) announced on March 31 the introduction of the Facilitate Lower Atmospheric Released Emissions (FLARE) Act, a federal proposal focused on turning wasted energy into productive use through targeted tax reform. The federal bill seeks:
To amend the Internal Revenue Code of 1986 to provide for permanent full expensing for property used to capture gas that would otherwise be flared or vented and to use such gas in value-added products.
By promoting infrastructure that captures stranded natural gas and converts it into electricity or other useful outputs, the measure is designed to enhance grid resilience, especially in energy-rich states like Texas.
Cruz framed the initiative as a strategic step to leverage the state’s abundant energy supply and strengthen its leadership in digital assets. The lawmaker stated:
I am committed to making Texas the number one place for bitcoin mining. The FLARE Act incentivizes entrepreneurs and crypto miners to use natural gas that would otherwise be stranded.
“This bill takes advantage of Texas’s vast energy potential, reinforces our position as the home of the bitcoin industry, and is good for the environment. I call upon my colleagues to expeditiously take up and advance this legislation,” he continued. The bill includes language to restrict participation by companies owned by foreign adversaries including China, Iran, North Korea, and Russia, aiming to safeguard national energy interests while promoting domestic innovation.
The legislation has received public support from the Digital Power Network, which promotes the convergence of digital technology and energy systems. Hailey Miller, the organization’s Director of Government Relations & Public Policy, praised the new bill: “The Digital Power Network strongly supports the introduction of the FLARE Act by Senator Cruz. This critical legislation will help eliminate unnecessary flaring and venting of natural gas while unlocking new opportunities for energy innovation in the United States.”
She further highlighted its relevance for the digital asset industry:
Bitcoin miners are uniquely positioned to help reduce emissions by harnessing stranded and wasted energy sources, and the FLARE Act ensures that American energy producers have the tools to deploy cutting-edge solutions that make our energy markets more efficient and resilient.
“We commend Senator Cruz for his leadership and look forward to working with Congress to advance this bill into law,” she noted.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
