On April 2, U.S. Senator Ted Cruz recently announced the launch of the "Promoting the Utilization of Lower Atmospheric Emissions (FLARE) Act, a federal proposal to convert wasted energy into effective utilization through targeted tax reforms. The federal bill seeks to amend the Internal Revenue Code of 1986, providing for permanent and full fee on property used to capture natural gas that would otherwise be burned or emitted and to use it for value-added products. Cruz describes the move as a strategic step to leverage the state to enrich its energy supply and strengthen its leadership in the digital asset space. "I am committed to making Texas the preferred place for Bitcoin mining. The FLARE Act inspires entrepreneurs and cryptocurrency miners to use natural gas that would have been stranded," the lawmaker said.