Being a little familiar with the state of Texas, I just want to say this.
I think Texas is ahead of the curve when it comes to Bitcoin because it is in an energy state and Bitcoin is energy money. And the leaders on both sides of the aisle in Texas got to see in real life how the idea that Bitcoin is a waste of energy is actually a giant mistake that pretty much everybody makes at first blush.
A few years back Texas had what is a fairly famous ice storm across much of the state. And the state is not equipped for frozen weather as well as most anywhere else in the country. Though it does happem from time to time.
But that year, not only was the power infrastructure damaged all over the place, but there were problems with both spy and demand. Much of the renewable energy was offline . And then the energy market went berserk and prices were going up and down in crazy fashion would make Bitcoin look like a calm lake.
All along this time, a large btc community was forming in Austin and elsewhere in the state. And understanding was growing, Pierre Rochard had moved there and he was actually talking to people in government.
So since there are so many energy-conscious leader in Texas, they begin to realize that Bitcoin could be this interesting virtual battery, a kind of buyer of last resort, a stable demand that could be turned off on a whim.
So, Texas became mining friendly and mines started coming up. So, in more recent years, when Texas has suffered similar terrible ice storms and outages and demand spikes, the mines just turn off and point all of their power over to the grid.
And everyone reasonable in the government could see then that it wasn't what the common narrative kind of painted it to be. That's why you see bipartisan support, I think, in Texas.
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