Speculation Abounds as Preliminary Injunction Hearing in Texas Blockchain Council Case is Cancelled

The Texas Blockchain Council v. Department of Energy case took an unexpected turn yesterday as a scheduled hearing on the preliminary injunction was canceled at the last minute. According to a report by Bitcoin Magazine, the judge entered an order canceling the hearing after the parties involved reached an “agreement-in-principle” on the overall dispute. The agreement is expected to be finalized and filed by Friday, March 1st.

Speculation is rife about what this agreement could mean for the case. One key aspect of a Temporary Restraining Order (TRO) and a preliminary injunction is that the party seeking it must demonstrate that they are “likely to succeed on the merits.” In this case, the judge already indicated that the plaintiffs are likely to succeed in showing that the Government’s actions were arbitrary, capricious, or an abuse of discretion.

The cancellation of the hearing and the potential agreement between the parties could signal trouble for the Government. Losing the TRO is seen as a significant setback, indicating that they may also lose on subsequent motions such as the preliminary injunction and permanent injunction. The discovery process could further expose any potential abuse of discretion or undue influence in the case.

The article also raises questions about the context of the case, including Senator Warren and the Biden Administration’s stance on Bitcoin and Bitcoin mining. It suggests that there may be unflattering communications or emails showing undue influence between government offices and the Energy Information Administration (EIA). The article references a previous lawsuit involving Custodia Bank, where discovery revealed significant involvement by government agencies in the outcome of the case.

While more information is awaited, the article concludes that any voluntary concession by the Government could indicate a realization of manifest incompetence or significant undue influence in the case. The opinions expressed in the article are those of the author, Colin Crossman, and do not necessarily reflect those of BTC Inc or Bitcoin Magazine.

For more details, you can read the full article on Bitcoin Magazine’s website: [EIA Emergency Survey Preliminary Injunction Hearing Canceled Yesterday](https://bitcoinmagazine.com/legal/eia-emergency-survey-preliminary-injuction-hearing-canceled-yesterday)