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US lawmakers urge EPA to consider the potential benefits of crypto mining

“Digital assets, and their related mining activities, are essential to the economic future of the United States," said the group of 14 lawmakers. A group of 14 United States senators and House representatives have signed a letter to the Environmental Protection Agency extolling what they believe are the benefits of crypto mining.In a Thursday letter, many US lawmakers including pro-Bitcoin Senator Cynthia Lummis and Representative Tom Emmer addressed EPA administrator Michael Regan, requesting the government agency analyze the potential impact of crypto mining in an effort to balance innovation with environmental concerns.

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Congress Sends Letter to EPA Extolling Proof of Work Mining Benefits

A new letter on proof of work to the Environmental Protection Agency contrasts with previous messaging from Congress that pushed for tighter regulations.

Crypto Potato - 17th Jun 16:06 - Bitcoin, Bitcoin Mining, Proof Of Work (PoW), Mining, Proof Of Work, The, Protection, Environmental, Work, Agency, Of, Benefits, Proof, Letter

Resistance is futile! 3 reasons why Bitcoin mining will never go away

Numerous governments have tried to ban Bitcoin mining, but data and insights from those in the mining industry suggest that this is easier said than done. In the summer of 2021, the Chinese government banned Bitcoin (BTC) mining and cited the typical concerns of harmful environmental effects and money laundering.

Coin Telegraph - 16th Jun 20:06 - Markets, Mining, Bitcoin Mining, Mining Pools, Bitcoin Regulation, Energy Consumption, Decentralized Marketplace, Bitcoin, Bitcoin (BTC), Ban, Ban Bitcoin, The, Laundering, 2021, BITCOIN MINING, Governments, MONEY LAUNDERING, Environmental, Resistance, Bitcoin (BTC) Mining, Of, Banned, Concerns, BItcoin, Effects, Insights, Summer

Swedish Central bankers snipe Bitcoin mining, cite rampant energy use

A report by the Riksbank makes the case for banning Bitcoin mining in Sweden over proof-of-work energy consumption concerns; Bitcoin Twitter was quick to react. Another day, another environmental attack on proof-of-work (PoW) mining.

Coin Telegraph - 10th Jun 13:06 - Stockholm, Bitcoin Mining, Proof-of-Work, Bitcoin, Mining, Proof Of Work, Riksbank, Attack, Proof Of Work (PoW), Bankers, The, BITCOIN MINING, Environmental, Work, Swedish, Consumption, Case, Central Bankers, Central, Use, Of, Quick, Proof, BItcoin, Energy Consumption

Lummis-Gillibrand bill establishes SEC-CFTC balance of power over crypto markets

The comprehensive new bill sorts out regulators and addresses taxes, environmental impact, security and other major questions surrounding digital assets. The long-awaited Responsible Financial Innovation Act to create a regulatory framework for digital assets was introduced in the United States Senate on Tuesday.

Coin Telegraph - 7th Jun 20:06 - Legislation, Markets, Balance, Senate, Assets, Crypto Markets, The United States, Innovation, Power, The, Cftc, Digital, States, Long, UNITED STATES, DIGITAL ASSETS, Environmental, United, Bill, THE UNITED STATES, ENVIRONMENTAL IMPACT, Questions, Regulatory Framework, Lummis, Regulatory, Framework, Of, Environmental Impact, Financial, Gillibrand

White House Preparing New Study on How To Curb Crypto Energy Footprint: Report

A leading legal publication reports the White House is undertaking a study on crypto asset mining and the attendant environmental consequences.

DailyHodl - 7th Jun 17:06 - Mining, Blockchain, Carbon Footprint, White House, The, Reports, Environmental, White, Asset, Leading, House, On Crypto