Businesses and companies that promote bitcoin build a united front in protecting mining operations.
Bitcoin promoters and businesses form a united front in protecting mining practices after lawmakers joined together to ask the US Environmental Protection Agency to take a closer look at the potential impact. The potential of cryptocurrency mining for the environment.
MicroStrategy Inc. director Michael Saylor and dozens of other industry leaders including Block’s Jack Dorsey, Fundstrat’s Tom Lee and Digital Currency Group’s Mark Murphy said the letter was from Democratic Representative Jared Huffman and members. Congress’s request that the EPA better monitor cryptocurrency mining has been “arranged for several misperceptions” about the world’s largest digital asset and mining operations. Their scores totaled 8 points, which aimed to punch a hole in Huffman’s call to action but led to the argument that it’s not the miners’ data centers that are responsible for the pollution but the generators. electricity.
The letter, signed by Saylor and 54 other business leaders, states: “Emissions are generated from electricity generation from data centers. Digital asset miners simply buy electricity from the grid, just like Microsoft and other data center operators.”
It was in response to Huffman’s letter to the EPA’s Michael Regan requesting an assessment of the “proof-of-work” mining facilities and their compliance with environmental regulations including the Atmospheric Acts. Clean and Clean Water. There were 22 other signatories including Brad Sherman of California and Alexandria Ocasio-Cortez of New York.
Meanwhile, New York state lawmakers are considering a proposal to introduce a multi-year ban on allowing new mining operations to rely on carbon-based fuels and requiring environmental impact reporting.
Tensions between lawmakers and crypto businesses appear to be growing after China’s crypto mining ban prompted miners to set up shop in North America.