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MARA Files Lawsuit to Halt Creation of New Municipality in Texas

MarketRegulationMacroeconomics
Crypto Economy·byGuido Battigelli
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Image for article: MARA Files Lawsuit to Halt Creation of New Municipality in Texas
Marathon Digital Holdings has filed a federal lawsuit to block a local vote in Hood County, Texas , that aims to create a new municipality surrounding its Bitcoin mining facility. The company claims the measure is intended to drive it out through taxes and local regulations. The vote, scheduled for November 4, seeks to establish the town of Mitchell Bend around MARA’s operations near Granbury . In its complaint, the company accuses County Judge Ron Massingill , County Attorney Matt Mills , and Elections Administrator Stephanie Cooper of “ intentional and unconstitutional ” conduct in advancing the initiative, allegedly violating...

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