THE WAR BETWEEN CRYPTO MINING AND ENVIRONMENT STILL CONTINUE: NEED SUSTAINABLE SOLUTIONS
Republican lawmakers are trying to remove the brakes from any immediate decisions the Environmental Protection Agency may consider to repair potential damage to cryptocurrency mining businesses, urging the regulator to read the claims before taking action.
More than a dozen Republican members of the Senate Banking Committee and the Housing Finance Committee signed a letter last week to EPA official Michael Regan aimed at opposing a message from Democrats sent in April. Democrats - a list of developers that includes Rep. Jared Huffman (D-Calif.), Who chairs the subcommittee within the Environment Committee - had warned of the dangers of climate change and called for more scrutiny, and Republicans have expressed support for the industry. .
Environmental regulators should seek "a comprehensive analysis as it relates to understanding the potential environmental impacts of digital asset mining," according to the letter, signed by Seni. Cynthia Lummis (R-Wyo.), One of the authors of the new law. crypto control, and Rep. Patrick McHenry (R-N.C.), A Republican executive on the Financial Services Committee, and three other senators and nine members of Congress. They stressed that the US government should not do anything to disrupt American leadership in the sector.
In the end, both camps ask the EPA to look more closely, though their goals are quite different.
A letter from the Republic states that "much of the energy miners' energy use is based on renewable resources," and that many mining activities "utilize other energy sources, such as natural gas, which may not be utilized." It also states that the feds do not have the right to choose the types of technology that should be favored.
That criticizes Democrats, who argue that the government should be aware of mining technology that proves it may have "99.99% lower power requirements" to secure transactions.