WASHINGTON, D.C. – U.S. Sen. Ted Cruz (R-Texas) continues to make news for his leadership in the cryptocurrency space. Last week, President Trump signed his resolution into law overturning a Biden-era rule that would have undermined American leadership in cryptocurrency. Significantly, this is also the first cryptocurrency bill to ever be signed into law.

Read more about Senator Cruz’s leadership and accomplishments for Bitcoin and cryptocurrency below.

THE DALLAS EXPRESS: Cruz Control: Celebrating Cryptocurrency Win After Trump Signs New Law

“Senator Ted Cruz declared a win for the cryptocurrency community when President Donald Trump signed his Congressional Review Act into law.

Cruz has emerged as one of crypto’s most vocal advocates in the Senate. The senator has introduced a series of bills aimed at boosting the industry, and fending off what he views as federal overreach into digital financial systems.”

CRYPTO IN AMERICA: Trump Makes History Signing First Crypto Bill into Law

“The bill, introduced under the Congressional Review Act by Republican Senator Ted Cruz (R-TX) to repeal the IRS’s so-called ‘DeFi broker rule,’ passed the Senate on March 26 with overwhelming bipartisan support in a 70–28 vote.

‘This rule would have undermined American leadership on cryptocurrency, and I am grateful to President Trump for signing my resolution into law,’ Cruz, who attended the signing ceremony Thursday afternoon, told Crypto In America. ‘The resolution is a victory for innovation, privacy, and economic freedom.’”

INSIGHTS: The First U.S. Crypto Law is Now in Effect! Trump Has Eliminated DeFi Regulations!

“The rules faced quick backlash. Critics argued they would hinder DeFi development. Republican Senator Ted Cruz pushed to repeal these rules, and now he has Trump’s support. Cruz attended the signing ceremony and stated, ‘This regulation will undermine America’s leadership in crypto. I thank President Trump for signing my resolution into law.’

Cruz added, ‘We are protecting developers building the future of cryptocurrency. We clearly state that America will not cede digital leadership to China. We will preserve the ability for Americans to trade without government interference.’”

DECRYPT: Ted Cruz Introduces FLARE Act to Repurpose Flared Gas for Bitcoin Mining

“U.S. Senator Ted Cruz (R-TX) has introduced a new bill aiming to turn waste energy into electricity for Bitcoin mining.

Cruz specifically pointed to crypto mining as a direct output of this extra energy. In a statement announcing the bill’s introduction, he said that it, ‘takes advantage of Texas’s vast energy potential, reinforces our position as the home of the Bitcoin industry, and is good for the environment.’”

THE STREET ROUNDTABLE: Senator Ted Cruz proposes bill to power Bitcoin mining with wasted gas

“With Bitcoin mining still at the center of the debate over cryptocurrency’s environmental footprint, U.S. Senator Ted Cruz has introduced legislation intended to change the narrative — and the power source.

Cruz emphasized the bill’s environmental and economic angles in a statement released when it was announced…Cruz’s measure could be considered part of a larger political drive to keep crypto innovation — and energy consumption — inside U.S. limits with a climate-conscious touch to mining.”

CRYPTO.NEWS: Ted Cruz introduces FLARE Act to incentivize Bitcoin mining with waste gas

“United States Senator Ted Cruz has introduced a new bill that offers tax incentives for cryptocurrency miners using flared natural gas to power mining operations.

By turning stranded gas into usable energy, Cruz and supporters argue the bill would not only cut emissions but also boost energy innovation and grid resilience, especially during periods of peak demand or extreme weather.”

CRYPTOSLATE: Senator Ted Cruz introduces FLARE Act to repurpose flared gas for Bitcoin mining

“Senator Ted Cruz introduced legislation on April 1 to repurpose flared gas and use it to generate ‘value-added products,’ like mining Bitcoin (BTC) and other digital assets.

According to Cruz, the bill simultaneously addresses two challenges: reducing oil and gas industry emissions and encouraging energy use innovation.”

BACKGROUND

• Sen. Cruz introduced the Facilitate Lower Atmospheric Released Emissions (FLARE) Act, incentivizing entrepreneurs and crypto miners to use natural gas that would otherwise be stranded.
• Sen. Cruz introduced the Anti-CBDC Surveillance State Act, legislation that prohibits the Federal Reserve from issuing a central bank digital currency (CBDC). This bill passed with an overwhelming bipartisan support.
• Sen. Cruz passed a joint resolution of disapproval overturning the IRS’s Gross Proceeds Reporting rule for brokers handling digital asset sales.
• Sen. Cruz authored the Adopting Cryptocurrency in Congress as an Exchange of Payment for Transactions Resolution, also known as the ACCEPT Resolution.
• Sen. Cruz introduced an amendment to repeal a provision from the 2021 infrastructure package that created new reporting requirements for many cryptocurrency and blockchain companies in both the 117th and 118th Congresses.

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By Type:

Digital currencies, Blockchain platforms, Smart contracts, DeFi applications, NFTs

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Cryptocurrency and Blockchain Market involves the use of blockchain technology to support digital currencies and decentralized applications, enabling secure, transparent, and efficient transactions without intermediaries.

Dominating Region:

North America

Fastest-Growing Region:

Asia-Pacific

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In-depth analysis of Cryptocurrency and Blockchain market segments by Types: Digital currencies, Blockchain platforms, Smart contracts, DeFi applications, NFTs

Detailed analysis of Cryptocurrency and Blockchain market segments by Applications: Digital payments, Decentralized finance, Asset trading, Supply chain management, Identity verification

Global Cryptocurrency and Blockchain Market -Regional Analysis

• North America: United States of America (US), Canada, and Mexico.

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• Oceania: Australia & New Zealand

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FIVE FORCES & PESTLE ANALYSIS: Five forces analysis-the threat of new entrants, the threat of substitutes, the threat of competition, and the bargaining power of suppliers and buyers-are carried out to better understand market circumstances.

• Political (Political policy and stability as well as trade, fiscal, and taxation policies)

• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)

• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)

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Points Covered in Table of Content of Global Cryptocurrency and Blockchain Market:

Chapter 01 – Cryptocurrency and Blockchain Executive Summary

Chapter 02 – Market Overview

Chapter 03 – Key Success Factors

Chapter 04 – Global Cryptocurrency and Blockchain Market – Pricing Analysis

Chapter 05 – Global Cryptocurrency and Blockchain Market Background or History

Chapter 06 – Global Cryptocurrency and Blockchain Market Segmentation (e.g. Type, Application)

Chapter 07 – Key and Emerging Countries Analysis Worldwide Cryptocurrency and Blockchain Market

Chapter 08 – Global Cryptocurrency and Blockchain Market Structure & worth Analysis

Chapter 09 – Global Cryptocurrency and Blockchain Market Competitive Analysis & Challenges

Chapter 10 – Assumptions and Acronyms

Chapter 11 – Cryptocurrency and Blockchain Market Research Methodology

Thanks for reading this article; you can also get individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, Japan, Australia or Southeast Asia.

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Richard Miehe, a risk management consultant for the Minnesota Counties Insurance Trust (MCIT), recently reviewed rates with the Hubbard County Board.

MCIT is a risk-sharing pool for county governments, he explained. Hubbard County has been a member for nearly 40 of the organization’s 46 years. Eighty-one of Minnesota’s 87 counties are MCIT members.

“We started in 1979 when counties were having trouble procuring cost-effective, decent coverage, so this model started as a joint powers model,” Miehe said. “Over the years, we’ve evolved to take other claims inhouse, claims handling, risk mitigation, loss control, those types of things.”

Miehe said MCIT buys reinsurance for catastrophic claims. “So when we run into matters where the loss is going to hit limits from our risk pool, then we have to turn it into reinsurance. Here’s where we’ve really seen struggles with costs going up.”

To combat those cost increases, Miehe said they raised their per claim retention for liability reinsurance from $850,000 to $1 million. “That saved a 21% premium spike.”

Total insured values continue to climb, he said. Over the past five years, it rose $2.6 billion or 39%.

Hubbard County’s appraisal was in 2023, “so you’re right in the midst of that steep increase that we’re starting to see. With the rise of materials, labor costs and the like, those costs are continually increasing.”

The county’s property and liability aggregate rate increased 11.2% from 2024 to 2025, while workers’ compensation aggregate rate increased 4%.

There’s been an unfortunate increase in frequency of cyber claims, according to Miehe, “but we luckily had a decrease in severity.”

There were no ransomware claims in 2024. Cybercrime is largely preventable, he noted, through security, technology and education.

County commissioner David La Hunt asked why it’s so hard to find and prosecute cybercriminals.

“Cryptocurrency,” replied Miehe. That’s how bad guys get the money and they can’t be as easily traced.”

The most common attack is a misdirected payment with a spoof invoice.

“Minnesota, as a state, is at the tip top of business email compromise claims, interestingly enough,” he added, either because Minnesotans are more trusting or other states have better protocols.