Steven Kinard, director of Bitcoin Mining Analytics at the Texas Blockchain Council, a leading crypto advocacy group, recently made an exciting announcement: he is running for a seat in the Texas House of Representatives.
With extensive experience in the cryptocurrency industry, Kinard plans to bring his expertise and passion for blockchain technology to the political arena.
Summary
The director of Bitcoin Mining analytics enters politics and will run for Texas
In a statement released on 11 July, Kinard revealed his intention to seek the Republican Party nomination for Texas House District 70, which represents the Dallas-Fort Worth area. If elected, his term will be two years beginning in 2025.
Kinard has been an integral part of the Texas Blockchain Council since March 2022, having previously worked at BOK Financial for about three years.
One of the pillars of Kinard’s campaign is his criticism of the Federal Reserve’s attempts to launch a central bank digital currency (CBDC).
This sentiment is shared by other Republican lawmakers, including Florida Governor and 2024 presidential candidate Ron DeSantis. Kinard’s campaign website highlights his commitment to “resist and stop any research” on CBDCs.
His position reflects concerns about the potential risks associated with centralized digital currencies and a desire to protect the decentralized nature of cryptocurrencies.
Texas is the US state most involved in crypto mining
Texas, and particularly the capital city of Austin, has been a hotbed of cryptocurrency mining activity, attracting miners from around the world. The cryptocurrency-friendly environment has further improved since the exodus of miners from China.
While a bill aimed at limiting incentives for cryptocurrency miners passed in the Texas State Senate in April, the government also showed support for the cryptocurrency industry by voting in favor of adding cryptocurrencies to the State Bill of Rights.
Governor Greg Abbott even called himself a supporter of the proposed crypto bill.
As the 2024 US primaries approach, the issue of cryptocurrencies and blockchain is gaining prominence among voters.
Even the Coinbase CEO is in favor of electing industry-friendly candidates
Brian Armstrong, CEO of Coinbase, urged cryptocurrency users to elect pro-cryptocurrency candidates in all 435 US congressional districts, stressing the importance of having legislators who understand and support the digital asset sector.
With bills being introduced to regulate digital assets, having knowledgeable, pro-cryptocurrency representatives becomes critical.
Steven Kinard’s candidacy for the Texas House of Representatives aligns with this growing trend of cryptocurrency enthusiasts seeking political positions to defend the industry’s interests.
Leveraging his expertise in Bitcoin mining analysis and his involvement in the Texas Blockchain Council, Kinard intends to be a strong advocate for blockchain technology and cryptocurrencies in the political arena.Â
If successful, his election could have a significant impact on shaping legislation and policies related to the cryptocurrency industry in Texas.
The upcoming primaries will undoubtedly be an important moment for cryptocurrency supporters to stand for candidates who understand the potential of blockchain technology and cryptocurrencies.
The outcome of this election will play a crucial role in shaping the regulatory landscape of the digital asset industry in the United States.
In conclusion, Steven Kinard’s decision to run for the Texas House of Representatives as a pro-crypto candidate highlights the growing importance of blockchain technology and cryptocurrencies in the political sphere.
With his background in Bitcoin mining analysis and affiliation with the Texas Blockchain Council, Kinard brings valuable experience to the table.
As the 2024 primaries approach, the cryptocurrency community will have the opportunity to support candidates who can advocate for their interests and shape legislation that promotes innovation and growth in the digital asset space.
