wasted

According to ChainCatcher news reported by Decrypt, U.S. Senator Ted Cruz from Texas officially introduced the "Facilitate Lower Atmospheric Released Emissions" (FLARE) Act on March 31, aimed at converting wasted natural gas that would otherwise be flared or vented into electricity for Bitcoin mining.The bill will provide full tax deductions for companies that capture wasted natural gas, while restricting participation from countries such as China, Iran, North Korea, and Russia in related activities. Cruz stated that this initiative would not only improve energy market efficiency and enhance grid resilience but also help Texas become the "preferred location for Bitcoin mining."Experts in the energy sector believe that Bitcoin miners can reduce greenhouse gas emissions in this way while converting wasted energy into valuable digital assets, achieving a win-win for both the economy and the environment.

ChainCatcher news, Uniswap co-founder Hayden Adams responds to the SEC dropping the investigation into Uniswap Labs: "Although the SEC has no clear legal basis, they are still investigating us as part of their arbitrary enforcement strategy, attempting to fit DeFi into an unsuitable regulatory framework—while refusing to provide clear rules or compliance pathways. The SEC's previous investigation lasted three years, wasting a significant amount of time and millions of dollars, causing a major impact on the company. I am grateful that the new SEC leadership has taken a more constructive approach and look forward to working with Congress and regulators to help establish truly meaningful rules for DeFi."Previous report, the SEC drops the investigation into Uniswap Labs.