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

0

[ad_1]

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 U.S. 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. The group of 14 senators and representatives claimed mining could have a “substantial stabilizing effect on energy grids” and cited examples of mining operations using flared gas and renewable energy sources.

“Digital assets, and their related mining activities, are essential to the economic future of the United States,” said the letter. “Favoring one technology over another, including proof-of-work versus proof-of-stake, can stifle innovation, erode future economic gains, and limit affiliated efficiencies.”

In addition to Lummis and Emmer, the lawmakers who signed the letter were all members of the Republican Party, including Senators Bill Hagerty, Kevin Cramer, and Steve Daines. House Representatives Patrick McHenry, Pete Sessions, Bill Posey, Bill Huizenga, Andy Barr, Anthony Gonzales, Brian Steil, William Timmons, and Ralph Norman also approved the message to EPA administrator Regan.

The Republicans’ request to Regan stood in contrast to an April letter to the EPA from a bipartisan group of 22 lawmakers. They raised “serious concerns” around crypto firms operating in the United States, claiming that the companies contributed to greenhouse gas emissions and were not operating in accordance with either the Clean Air Act or the Clean Water Act.

“Cryptocurrency mining is poisoning our communities,” said the April letter to Regan. “The rapidly expanding cryptocurrency industry needs to be held accountable to ensure it operates in a sustainable and just manner to protect communities.”

Related: Eager to work: Bitcoin switch to proof-of-stake remains unlikely

In May, the Bitcoin Mining Council responded to the April letter with one of its own, alleging many of the lawmakers’ claims on mining were inaccurate. Many environmental groups, including Greenpeace and the Sierra Club, later urged government agencies under the Biden administration to implement new approaches in their response to crypto mining.



[ad_2]

Source link

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 92,891.89
ethereum
Ethereum (ETH) $ 3,179.80
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.14
bnb
BNB (BNB) $ 908.08
solana
Wrapped SOL (SOL) $ 142.62
usd-coin
USDC (USDC) $ 0.999970
staked-ether
Lido Staked Ether (STETH) $ 3,179.78
tron
TRON (TRX) $ 0.281113
dogecoin
Dogecoin (DOGE) $ 0.149024
cardano
Cardano (ADA) $ 0.445041
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.00
whitebit
WhiteBIT Coin (WBT) $ 62.36
wrapped-steth
Wrapped stETH (WSTETH) $ 3,881.63
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 92,623.82
bitcoin-cash
Bitcoin Cash (BCH) $ 575.65
wrapped-beacon-eth
Wrapped Beacon ETH (WBETH) $ 3,446.56
chainlink
Chainlink (LINK) $ 14.43
usds
USDS (USDS) $ 0.999976
hyperliquid
Hyperliquid (HYPE) $ 34.52
leo-token
LEO Token (LEO) $ 9.73
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
weth
WETH (WETH) $ 3,179.65
stellar
Stellar (XLM) $ 0.253616
wrapped-eeth
Wrapped eETH (WEETH) $ 3,441.68
monero
Monero (XMR) $ 408.14
ethena-usde
Ethena USDe (USDE) $ 0.999287
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 92,902.89
litecoin
Litecoin (LTC) $ 84.21
avalanche-2
Avalanche (AVAX) $ 14.72
sui
Sui (SUI) $ 1.67
hedera-hashgraph
Hedera (HBAR) $ 0.141331
zcash
Zcash (ZEC) $ 361.48
shiba-inu
Shiba Inu (SHIB) $ 0.000009
world-liberty-financial
World Liberty Financial (WLFI) $ 0.158714
dai
Dai (DAI) $ 0.999807
susds
sUSDS (SUSDS) $ 1.08
crypto-com-chain
Cronos (CRO) $ 0.108630
the-open-network
Toncoin (TON) $ 1.62
paypal-usd
PayPal USD (PYUSD) $ 0.999658
polkadot
Polkadot (DOT) $ 2.32
uniswap
Uniswap (UNI) $ 6.02
usdt0
USDT0 (USDT0) $ 0.999893
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.21
mantle
Mantle (MNT) $ 1.08
aave
Aave (AAVE) $ 194.18
bittensor
Bittensor (TAO) $ 303.89
canton-network
Canton (CC) $ 0.077589
usd1-wlfi
USD1 (USD1) $ 0.999306
bitget-token
Bitget Token (BGB) $ 3.58
Shares