US lawmakers urge EPA to consider the potential benefits of crypto mining

A group of 14 United States senators have signed a letter to Environmental Protection Agency extolling the benefits of crypto mining.

Many U.S. lawmakers, including pro-Bitcoin Senator Cynthia Lummis, and Representative Tom Emmer, wrote to Michael Regan on Thursday, asking that the agency study the possible impact of crypto mining. This was in an attempt to balance innovation and environmental concerns. Representatives and senators from 14 states claimed that mining could have a “substantial stabilizing impact on energy grids”. They cited examples of mining using renewable energy sources and flared gas.

The letter stated that “digital assets and related mining activities are essential for the economic future in the United States.” Favoring one technology over the other, including proof of work versus proof of stake, can hinder innovation and reduce associated efficiencies.

BREAKING: The EPA receives a letter from 14 members of Congress informing them of the positive environmental and financial effects of #Bitcoin Proof of Work mining. pic.twitter.com/LCrZ1nhgd9
— Dennis Porter (@Dennis_Porter_) June 16, 2022

Lummis, Emmer were not the only ones who signed the letter. They were also all Republican Party members, including Senators Bill Hagerty and Kevin Cramer. The message was also approved by Ralph Norman, Ralph Norman, Patrick McHenry and Pete Sessions, Bill Posey and Bill Huizenga, Andy Barr, Bill Cramer, Bill Huizenga, Bill Huizenga, Bill Huizenga, Bill Huizenga, Bill Huizenga, Bill Huizeng, Bill Huizenga, Bill Huizenga, Bill Huizenga, Bill Hoguenga, Bill Hagerty, Bill Cramer, Bill Huizenga, William Timmons

Regan’s request from the Republicans was in direct contrast to a letter sent to the EPA by a bipartisan group consisting of 22 lawmakers in April. They expressed “serious concern” about crypto companies operating in the United States. They claimed that they contributed to greenhouse gas emission and weren’t operating according to either the Clean Air Act nor the Clean Water Act.

Regan wrote in April that “Cryptocurrency Mining is Poisoning Our Communities.” “The rapidly growing cryptocurrency industry must be held responsible to ensure that it operates in a sustainable, just and fair manner to protect communities.”

Related: Want to Work: Bitcoin switching to proof-of stake remains unlikely

The May letter from April was responded to by the Bitcoin Mining Council. It claimed that many of the claims made by the lawmakers regarding mining were incorrect. Many environmental groups including Greenpeace, the Sierra Club and Greenpeace later called on the Biden administration’s government agencies to adopt new approaches to address crypto mining.

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Eileen Wilson

Eileen Wilson –Technology and Energy My Name is Eileen Wilson with more than 5 years of experience in the Stock market industry, I am energetic about Technology news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of topmagazinewire.com with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Technology and Energy category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.

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