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GOP Tells EPA Crypto Mining Can Be Good For Environment – Law360

By Elise Hansen (June 17, 2022, 6:18 PM EDT) — Fourteen GOP lawmakers urged the U.S. Environmental Safety Agency To maintain monetary innovation in thoughts when reviewing cryptocurrency mining’s environmental implications, As properly as to the industry’s efforts To incorporate extra sustainable power.

The celebration’s Thursday letter referred to as for a “full evaluation” of the environmental outcomes of digital-asset mining. Signatories included members of the Senate Banking Committee, S…….

By Elise Hansen (June 17, 2022, 6:18 PM EDT) — Fourteen GOP lawmakers urged the U.S. Environmental Safety Agency To maintain monetary innovation in thoughts when reviewing cryptocurrency mining’s environmental implications, As properly as to the industry’s efforts To incorporate extra sustainable power.

The celebration’s Thursday letter referred to as for a “full evaluation” of the environmental outcomes of digital-asset mining. Signatories included members of the Senate Banking Committee, Similar to Sen. Cynthia Lummis, R-Wyo., who recently co-authored A huge-ranging cryptocurrency invoice; and members of The house Committee on Financial Providers, collectively with its prime-rating Republican, Rep. Patrick McHenry from North Carolina.

A pair of of the power used for cryptocurrency mining comes from renewable sources, whereas fullly different mining…

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Source: https://www.law360.com/articles/1504118/gop-tells-epa-crypto-mining-can-be-good-for-environment

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