Cardano (ADA) inventor of the project Charles Hoskinsonis not satisfied with the crypto money regulations that are on the government’s agenda again in the USA.
According to news and reports, the US Environmental Protection Agency (EPA) and the White House are quite disturbed by the energy consumed by the Bitcoin network. Institutions, primarily BTC It will seek a solution to this problem by meeting with many institutions, including miners.
Charles Hoskinson touched on this issue in his latest YouTube video.
Hoskinson, with the new regulations on the agenda, bitcoin Worried that all cryptocurrencies will be banned.
“The EPA and the White House want to change the way cryptocurrencies work. They are uncomfortable with the energy that cryptocurrencies consume. It looks like they will set new benchmarks such as low energy use, renewable energy, low noise generation.”
According to Charles Hoskinson, if these requests are not fulfilled, major sanctions will come to US-based cryptocurrency mining companies in the medium term.
“Energy consumption is essential for the continuity of the proof-of-work (PoW) system. This is mentioned on page 7 of the EPA’s report. In fact, the subject comes to the point of “banned cryptocurrencies because there is global warming.”
Cryptocurrency regulations in the USA have been on the agenda of the country in recent days. The EPA and the White House are dissatisfied with the energy expended by cryptocurrency activities. SEC President Gary Gensler also made negative statements about crypto this week. FED is planned to be an alternative to stablecoins. FedNow Working on payment service.
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