Senator Aims to Incentivize Crypto Mining Using Flared Gas

Texas Senator Ted Cruz has introduced the FLARE Act in the US Senate, seeking to make the state a hub for Bitcoin mining by incentivizing crypto miners to utilize flared gas. The proposed legislation aims to attract market participants and digital asset miners, encouraging them to utilize this otherwise wasted resource. By amending the Internal Revenue Code, the FLARE Act would provide incentives for capturing and utilizing flared gas in value-added products. If enacted, this law would take effect on properties starting in 2026.