Biden Administration Targets Bitcoin Mining In New Report
While the report didn’t create any new regulations, it still serves as a foreboding message to bitcoin miners.This is an opinion editorial by Robert Hall, a content creator and small business owner.The White House Office of Science and Technology Policy issued a report warning that mining uses a great amount of energy and demands miners become greener or potentially face the threat of a total ban. As plebs, what can we do to protect Bitcoin from government overreach?September 8, 2022, should be seen as the day the American government declared war on Bitcoin and its supporters. President....
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The PoW mining sector is of interest to the Biden administration. The White House is getting ready to publish a report on blockchain mining, according to Costa Samaras, the Office of Science and Technology Policy’s (OSTP) principal assistant director for energy. Samaras noted: “It’s important if this is going to be part of our financial […]
According to a new report, U.S. president Joe Biden and his administration are focused on proof-of-work (PoW) mining. The principal assistant director for energy for the White House Office of Science and Technology Policy (OSTP) discussed the research report on July 2, 2022. The OSTP official, Costa Samaras, said if digital currencies plan to stick around then it is important that these financial systems are “developed responsibly and minimizes total emissions.”
White House Eyes Bitcoin Mining and the Industry’s Emissions
A new report will be published by....
The Biden administration is concerned about digital currency mining operations affecting climate change, after the U.S. Office of Science and Technology Policy published a report that says politicians should take action against crypto mining. The federal government’s entity recommends the Biden administration should encourage more research about mining’s electricity consumption and codify public policy for the entire mining industry.
Office of Science and Technology Policy Report Claims Something Needs to Be Done to Stop Crypto Mining Pollution
According to the....
The Biden administration is reportedly developing a regulatory framework for the cryptocurrency markets. The new chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, is waiting for direction from the Treasury to establish cryptocurrency regulation. New Crypto Regulation Being Developed by Biden Administration Fox Business’ Charlie Gasparino reported Monday that the Biden administration is in what’s been described to him by people close to them as “the early stages of developing a regulatory approach to the crypto markets.” He noted that the....
The top U.S. banking regulator is concerned that the Biden administration may roll back some cryptocurrency regulations aimed at protecting consumers. This includes allowing national banks to custody crypto assets put in place during the Trump administration. Biden Administration Could Change US Crypto Regulations Acting Comptroller of the Currency, Brian Brooks, shared several concerns regarding cryptocurrency regulations in an interview with CNBC last week. Brooks is the administrator of the federal banking system and chief officer of the Office of the Comptroller of the Currency (OCC).....