US Senator Blasts Crypto’s Environmental Impact, Warns Of Impending Reckoning
During a recent congressional hearing on climate change, Senator Sheldon Whitehouse, member of the Democratic Party, delivered a message regarding the alleged environmental impact of crypto mining. He asserted that the industry is exacerbating climate issues and cautioned that a reckoning is on the horizon. Calls For Accountability In Crypto And AI In April, Senator […]
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U.S. Senator Elizabeth Warren, a longtime bitcoin skeptic, has shared her view of the benefits of cryptocurrencies. While noting that “The biggest upside to cryptocurrency could be expansion or democratization of access to the financial system,” she warned that the crypto industry may need federal bailout if something goes wrong, such as “a run on crypto.” Senator Elizabeth Warren Discusses the Biggest Upside and Downside to Cryptocurrencies Senator Elizabeth Warren was asked about what she thought the U.S. cryptocurrency regulation should look like in an interview....
U.S. Senator Rand Paul says “statutes that allow presidents or heads of state to invoke emergencies are very, very dangerous.” Commenting on Canada’s Emergencies Act invoked by the Trudeau government, the senator warned, “We have the same sort of statutes here.” Senator Rand Paul Warns of Emergency Act in the US U.S. Senator Rand Paul warned of statutes in the U.S. similar to the Emergencies Act invoked by Canadian Prime Minister Justin Trudeau last week during an episode of the Based Politics podcast that aired Sunday. “I think statutes that....
U.S. Senator Mike Lee has raised concerns that adopting the crypto tax provision in the $1.2 trillion infrastructure bill will stifle innovation and make Americans poorer. He explained that cryptocurrencies are not like securities and cannot be regulated with the same policies, noting that to do so would drive innovation offshore. Senator Mike Lee Warns Passing Unproven Legislation Will Stifle Innovation While outlining concerns he has about numerous provisions in the $1.2 trillion infrastructure bill during the Senate session Saturday, U.S. Senator Mike Lee from Utah drew attention to the....
The Infrastructure Investment and Jobs Act was received with resistance from Bitcoiners, but still passed — when will the reckoning occur?
The NY state assembly needs to approve any bill or propose amendments before it can be signed into law by Governor Andrew Cuomo. A bill which would have required miners in New York to halt operations for three years as part of an apparent effort to slow the environmental impact of crypto has been defeated in the state legislature.New York Senate Bill 6486 failed to pass the state assembly today after lawmakers in the Democrat-controlled state senate approved the legislation earlier this week. The bill was aimed at establishing “a moratorium on the operation of cryptocurrency mining....