Close Menu
    Facebook X (Twitter) Instagram
    Facebook Instagram YouTube
    Crypto Go Lore News
    Subscribe
    Monday, October 12
    • Home
    • Market Analysis
    • Latest
      • Bitcoin News
      • Ethereum News
      • Altcoin News
      • Blockchain News
      • NFT News
      • Market Analysis
      • Mining News
      • Technology
      • Videos
    • Trending Cryptos
    • AI News
    • Market Cap List
    • Mining
    • Trading
    • Contact
    Crypto Go Lore News
    Home»Mining»Senator Ted Cruz introduces FLARE Act to repurpose flared gas for Bitcoin mining
    Mining

    Senator Ted Cruz introduces FLARE Act to repurpose flared gas for Bitcoin mining

    CryptoExpertBy CryptoExpertApril 5, 2025No Comments3 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Senator Ted Cruz introduces FLARE Act to repurpose flared gas for Bitcoin mining
    Share
    Facebook Twitter Pinterest Email Copy Link
    Changelly


    Senator Ted Cruz introduced legislation on April 1 to repurpose flared gas and use it to generate “value-added products,” like mining Bitcoin (BTC) and other digital assets.

    The bill, called the Facilitating Lower Atmospheric Released Emissions (FLARE) Act, proposes using natural gas produced during oil drilling operations and providing incentives through tax advantages. Full expensing would allow companies to deduct the cost of qualified property immediately rather than depreciating it over several years.

    According to Cruz, the bill simultaneously addresses two challenges: reducing oil and gas industry emissions and encouraging energy use innovation. 

    By labeling digital asset mining a value-added activity, the legislation could shift federal treatment of mining infrastructure to support broader energy and environmental objectives. 

    Binance

    The FLARE Act does not introduce new subsidies but modifies existing tax code treatment to encourage private investment in emissions-reducing infrastructure.

    It aims to align economic incentives with environmental mitigation efforts by enabling permanent full expensing for capital used in flare gas repurposing. The bill has been referred to the Senate Finance Committee, and further legislative action will determine its pathway through Congress.

    Welcomed by the industry

    Digital asset firms and policy groups have welcomed the proposal. Matthew Sigel, head of digital assets research at VanEck, said:

    “Great to see Senator Ted Cruz supporting Bitcoin mining as a solution to reduce emissions & unlock stranded energy. The FLARE Act could pave the way for using flared gas more efficiently and sustainably.”

    Bitcoin miners have increasingly turned to stranded energy sources, including flared gas, to power operations. By colocating with oil fields, miners can capture gas that would otherwise be burned off, converting it into electricity for proof-of-work consensus networks. 

    This approach also offers flexible load benefits for energy grids, particularly in rural and energy-abundant areas.

    Bitcoin mining firm MARA Holdings praised the legislation for allowing full expensing for infrastructure that captures and repurposes flared gas. The firm added:

    “MARA supports this legislation. It recognizes Bitcoin mining’s role in reducing emissions and unlocking stranded energy.”

    The Digital Power Network, a coalition of mining and energy firms, issued a formal endorsement on its website.

    Hailey Miller, director of government relations and public policy at the Digital Power Network, called the bill “a monumental step forward for the US energy sector and the digital asset industry.”

    Miller added:

    “By incentivizing the capture of otherwise wasted natural gas, this bill supports grid stability, energy innovation, and the continued growth of sustainable Bitcoin mining in America. We commend Senator Cruz for his leadership in introducing this forward-thinking legislation.”

    Additionally, the coalition highlighted several projected outcomes from the legislation, such as reduced harmful emissions, enhanced domestic energy production, improved grid resilience through flexible load response, and expanded economic opportunities in rural communities.

    The bill comes amid improvements in regulatory clarity for the crypto industry in the US, adding a positive push by identifying crypto mining as a legitimate industrial use that can transform waste into productive energy.

    Mentioned in this article

    XRP Turbo
    Latest Alpha Market Report



    Source link

    itrust
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    CryptoExpert
    • Website

    Related Posts

    Mining

    Bitcoin mining yield at Luxor depends on delivery

    October 11, 2026
    Mining

    Bitcoin miners escape months of distress as daily revenue surges by 78%

    October 9, 2026
    Mining

    Fortitude Bets Up to $100 Million on Bitmain Zcash Mining Hardware

    October 8, 2026
    Mining

    3 countries control 66% of Bitcoin mining, but 1 rival is gaining

    October 7, 2026
    Mining

    $1.5 Billion in Hardware Behind the AI Pivot

    October 5, 2026
    Mining

    Bitcoin Miners Bank Strong September as Difficulty Barely Budges

    October 4, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Recommended
    Editors Picks

    PLTR Price Prediction: Goldman and Barclays Turn Bullish as Technicals Flash Extreme Caution

    October 12, 2026

    Meta AI Predicts This Huge Catalyst Could Lead to $40 XRP

    October 12, 2026

    CFTC aims to differentiate swaps from gambling

    October 12, 2026

    XRP extends losses as negative funding and rising yields weigh on sentiment

    October 12, 2026
    Latest Posts

    We are a leading platform dedicated to delivering authoritative insights, news, and resources on cryptocurrencies and blockchain technology. At Crypto Go Lore News, our mission is to empower individuals and businesses with reliable, actionable, and up-to-date information about the cryptocurrency ecosystem. We aim to bridge the gap between complex blockchain technology and practical understanding, fostering a more informed global community.

    Latest Posts

    PLTR Price Prediction: Goldman and Barclays Turn Bullish as Technicals Flash Extreme Caution

    October 12, 2026

    Meta AI Predicts This Huge Catalyst Could Lead to $40 XRP

    October 12, 2026

    CFTC aims to differentiate swaps from gambling

    October 12, 2026
    Newsletter

    Subscribe to Updates

    Get the latest Crypto news from Crypto Golore News about crypto around the world.

    Facebook Instagram YouTube
    • Contact
    • Privacy Policy
    • Terms Of Service
    • Social Media Disclaimer
    • DMCA Compliance
    • Anti-Spam Policy
    © 2026 CryptoGoLoreNews. All rights reserved by CryptoGoLoreNews.

    Type above and press Enter to search. Press Esc to cancel.

    bitcoin
    Bitcoin (BTC) $ 82,749.00
    ethereum
    Ethereum (ETH) $ 2,506.00
    tether
    Tether (USDT) $ 0.99921
    bnb
    BNB (BNB) $ 744.67
    xrp
    XRP (XRP) $ 1.35
    usd-coin
    USDC (USDC) $ 0.99975
    solana
    Solana (SOL) $ 107.66
    tron
    TRON (TRX) $ 0.329695
    staked-ether
    Lido Staked Ether (STETH) $ 2,265.05
    figure-heloc
    Figure Heloc (FIGR_HELOC) $ 1.06