Summary
TLDR: A hearing on the preliminary injunction in the Texas Blockchain Council v. Department of Energy case was canceled due to the parties reaching an agreement. Speculation suggests that the Government may have realized they would likely lose the case, potentially due to evidence of undue influence or incompetence. Discovery may reveal more information on this matter.
Key Points
1. The hearing on the preliminary injunction in the Texas Blockchain Council v. Department of Energy case was canceled due to the parties reaching an “agreement-in-principle” on the overall dispute, with the agreement needing to be finalized and filed by Friday, March 1st.
2. The judge previously agreed that the plaintiffs were likely to succeed in showing that the Government’s actions were arbitrary, capricious, or an abuse of discretion, indicating a potential weakness in the Government’s case.
3. Speculation arises about potential discovery of internal communications showing undue influence, similar to past cases like Custodia Bank’s lawsuit, leading to the Government’s voluntary concession possibly being a result of realizing either manifest incompetence or significant undue influence on the process.