Steven Kinard, the director of Bitcoin mining analytics at the Texas Blockchain Council (TBC), has revealed his intention to run for a seat in the Texas House of Representatives. Kinard plans to seek the Republican Party nomination for Texas House District 70, located in the Dallas-Fort Worth area, with the goal of serving a two-year term starting in 2025 if elected.
In his campaign, Kinard emphasizes advocating for “digital freedom” and supporting “strategic technology investments.” He strongly opposes the U.S. Federal Reserve’s exploration of a central bank digital currency (CBDC) and aims to halt any research into CBDCs. This stance aligns with other Republican lawmakers, including Florida Governor Ron DeSantis, who have criticized the Fed’s push for a CBDC.
Texas, particularly Austin, has become a significant hub for cryptocurrency mining activities, attracting miners from China. While a bill limiting incentives for crypto miners was passed in the Texas State Senate in April, the government has also displayed support for the crypto industry. The state has even considered adding crypto to its Bill of Rights, and Governor Greg Abbott has expressed himself as a “crypto law proposal supporter.”
As the 2024 elections draw near, with primaries approaching, crypto and blockchain issues have become prominent topics for voters. Coinbase CEO Brian Armstrong has urged the crypto community to elect candidates supportive of cryptocurrencies in all U.S. congressional districts, as lawmakers propose legislation to regulate digital assets.
By running for office, Kinard seeks to bring his expertise in the blockchain and cryptocurrency space to the political arena. His candidacy highlights the growing importance of digital technologies in governance and the need for elected officials who understand the potential benefits and challenges of these emerging technologies.