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14 US Congress members appeal to EPA, citing environmental and financial benefits of Bitcoin mining – Finbold – Finance in Bold

Regardless of the considerations Regarding the environmental influences of Bitcoin (BTC) Proof-of-Work (PoW) mining, A gaggle of Usa Congress members has despatched a letter to the nation’s Environmental Safety Agency (EPA), explaining the apply truly has sure advantages.

Particularly, 14 members of the U.S. Congress urge the agency to pursue “a full evaluation As a Outcome of it Pertains to understanding the potential environmental influence…….

Regardless of the considerations Regarding the environmental influences of Bitcoin (BTC) Proof-of-Work (PoW) mining, A gaggle of Usa Congress members has despatched a letter to the nation’s Environmental Safety Agency (EPA), explaining the apply truly has sure advantages.

Particularly, 14 members of the U.S. Congress urge the agency to pursue “a full evaluation As a Outcome of it Pertains to understanding the potential environmental influences of digital asset mining,” Based mostly on the letter addressed to EPA’s Administrator Michael S. Regan, which crypto analyst Dennis Porter revealed in his tweet on June 17.

Definitely one of many co-signatories, Senator Cynthia Lummis confirmed the authenticity of the letter, dated June 16, by retweeting it. Completely different co-signatories embrace Senators Invoice Hagerty, Kevin Cramer, and Steve Daines, As properly as to Repredespatchedatives Patrick T. McHenry, Pete Durations, Invoice Posey, Invoice Huizenga, Tom Emmer, Andy Barr, Anthony Gonzales, Brian Steil, William Timmons, and Ralph Norman.

Technological change and environmental influences

As per the letter, “America is The worldwide chief in monetary providers and know-how innovation. At a time of speedy technological change, we should affirm our dedication to accountable innovation To Guarantee future generations Of usa residents proceed to take pleasure in prosperity and alternative.”

Explaining The advantages of crypto mining for the environment, the Congress members said:

“As You understand, A …….

Source: https://finbold.com/14-u-s-congress-members-appeal-to-epa-citing-environmental-and-financial-benefits-of-bitcoin-mining/

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