Senator Warren leads the charge against energy consumption claims on Texas cr...
According to a letter penned by seven U.S. lawmakers, ERCOT was "intimately connected" with the growth of crypto mining in Texas. Massachusetts Senator Elizabeth Warren and a group of six other U.S. lawmakers have requested information from the head of the Electric Reliability Council of Texas, or ERCOT, on the energy usage and potential environmental impact of crypto miners.In an Oct. 12 letter, Senators Elizabeth Warren, Sheldon Whitehouse, and Edward Markey an House of Representatives members Al Green, Katie Porter, Jared Huffman, and Rashida Tlaib requested ERCOT CEO Pablo Vegas....
Related News
U.S. Senator Elizabeth Warren criticized Bitcoin and cryptocurrencies yesterday in a Banking Senate Subcommittee hearing. In the hearing, Warren criticized the energy consumption that Bitcoin and other proof-of-work (PoW) cryptocurrencies need to operate. Warren also thinks cryptocurrencies are the “wild west” of investments and called for a regulatory crackdown on the industry. Some on social media were quick to bite back, however, pointing out Warren’s flawed logic and perceived hypocrisy. Senator Elizabeth Warren Takes on Bitcoin Senator Elizabeth Warren declared her....
U.S. Senator Elizabeth Warren has been a known crypto adversary. She claims Bitcoin and cryptocurrencies have a negative impact on the environment and facilitate cyber-attacks. She has taken a new step that could change this industry. In a letter to the U.S. Securities and Exchange Commission (SEC) Chairman, Gary Gensler, Warren called for “properly” regulations […]
There is no denying the fact that mining cryptocurrencies and processing decentralized transactions demand large amounts of energy. As per the Bitcoin Energy Consumption Index, the total energy consumption of the Bitcoin network tops 131.12 TWh – that’s almost equal to the total power consumption of Argentina. Experts claim that the energy consumption and electronic […]
U.S. Senator Elizabeth Warren has warned of the growing risks of cryptocurrency trading. She recently called on the U.S. Securities and Exchange Commission (SEC) to “use its full authority to address these risks,” adding that “Congress must also step up to close these regulatory gaps.” US Senator Warren Presses SEC to Step Up Crypto Oversight U.S. Senator Elizabeth Warren, who chairs the Senate Banking Committee’s Subcommittee on Economic Policy, warned Thursday of the growing risks posed by the cryptocurrency market. She also blasted the SEC for the lack of....
At the U.S. Senate Banking Committee hearing Tuesday, Senator Elizabeth Warren called on the chairman of the Securities and Exchange Commission (SEC), Gary Gensler, to increase oversight of cryptocurrency. She brought up several problems she associates with cryptocurrency that could hurt small investors. Senator Elizabeth Warren Says ‘There’s a Whole List of Problems With Crypto’ U.S. Senator Elizabeth Warren questioned U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler about several issues regarding cryptocurrency at the Senate Banking Committee....