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The legislator backing the bill argues it would serve as a “hedge against inflation and economic volatility.”
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Bitcoin miner Riot Platforms made headlines over the summer for making millions by selling pre-purchased power back to the grid. The news highlighted how the grid can benefit businesses more than consumers.
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Eager to bring new jobs to their towns and boost their tax base, rural Texas counties are courting companies that produce cryptocurrencies.
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The DOJ calls this "the government's largest-ever seizure of cryptocurrency in the terrorism context." It also seizes websites ISIS allegedly used to sell fake face masks during the pandemic.