Cryptocurrency Mining Needs Federal Intervention According To Anti-Bitcoin Senator Warren

Anti-crypto Senator Elizabeth Warren and five other Democrats of Congress have sent a letter asking the Environmental Protection Agency and the Department of Energy to impose energy and carbon emissions reporting requirements on crypto mining companies.

anti crypto Senator Elizabeth Warren led by Democratic members of Congress, Environmental Protection Agency and Ministry of Energyby sending a letter to both institutions that cryptocurrency miners energy use and emissions data requiring notification creating strict rules he called. In their statement, the deputies said that the miners electricity use and carbon emissions Because it’s “disturbing” that federal intervention is necessary told.

MPs in the United States collected data from the seven largest crypto mining companies and minersa major impact on climate changeconcluded that ”.

In a statement, the deputies said: “The results of our research, in which we collected data from only seven companies, are troubling” made statements.

We would like to point out that cryptocurrency miners are “major energy users causing a significant and rapidly growing carbon emissions”.

According to the Warren-led investigation, the seven companies in question have been used to mining cryptocurrencies. 1,045 MWIt has been proven to have more than . In the letter, this amount of electrical energy Powers every home in Houston, Texas. It is stated that there is a sufficient amount to cover.

Members of Congress voted for the results of their research to narrow down the controversial mining industry. give obvious reasons expressed his thoughts on it. Also in the letter, the 7 big mining companies mentioned behaving incompletely while presenting the data and about the distortions evidence was also included.

According to the letter in question, it is thought that this collected data will enable better management of future policy making and allow better modeling of national grid loads and transitions. As a footnote, one of the 5 senators signed at the bottom of the letter, Sheldon Whitehousein 2019 Rhode Island to crypto businesses in the state imposing high taxesin the state working on cryptocurrencies companies don’t want to host had stated.

source site-9