Biden Administration to Consider Bitcoin (BTC) and Alternative Cryptocurrency Mining

of the White House bitcoin (BTC) and crypto It is said that mining is in preparation of a policy to reduce its energy consumption and carbon footprint.

Bloomberg Law’s June 2 According to the news dated Biden management, energy consumption of cryptocurrency mining and carbon footprint It will bring together policy recommendations to reduce The study will be one of the first steps towards the industry, which critics say threatens US climate targets and strains the power grid.

Assistant Director of Energy, White House Office of Science and Technology Policy Costa Samaras In his statement on the subject, he made the following statements:

If cryptocurrency mining is to become a meaningful part of our financial system, it is essential that it be developed responsibly and minimize overall emissions. When we think of digital assets, it has to be a climate and energy negotiation.

According to the news August The report, which is expected to be released in May, Joe Biden‘of March pressured federal agencies to enable “responsible” mining of digital assets such as cryptocurrency. one of the first works under the executive order thought to be possible.

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