The Public Utilities Commission of Texas (PUCT) has implemented a new rule requiring Bitcoin miners in the ERCOT region to register and provide crucial information about their operations to help manage the power grid. As of November 21, miners must disclose the location, ownership, and electricity demand of their facilities within one working day of connecting to the grid and renew their registration annually by March 1. Failure to comply can lead to substantial penalties of up to $25,000 per day. PUCT Chairman Thomas Gleeson emphasized the importance of this regulation for maintaining grid reliability as the mining sector expands. Meanwhile, Texas Senator Ted Cruz has expressed a desire for the state to become a haven for cryptocurrency, highlighting the influx of miners and innovators drawn by favorable regulatory conditions. Cruz pointed to federal opposition as a significant threat to Bitcoin’s growth, advocating for a hands-off approach from the government.

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