According to ChainCatcher and Decrypt, U.S. Republican Senator Ted Cruz from Texas officially proposed the Facilitate Lower Atmospheric Released Emissions (FLARE) bill on March 31, aiming to convert wasted natural gas that would otherwise be flared or vented into Bitcoin mining electricity.

The bill will provide full tax deductions for businesses capturing wasted natural gas equipment, while restricting participation from countries like China, Iran, North Korea, and Russia. Cruz stated that this initiative will not only improve energy market efficiency and enhance grid resilience but also help Texas become the "preferred location for Bitcoin mining".

Energy experts believe that Bitcoin miners can reduce greenhouse gas emissions through this method while transforming wasted energy into valuable digital assets, achieving a win-win for both economic and environmental interests.