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US lawmakers urge EPA to consider the potential benefits of crypto mining

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A gaggle of 14 United States senators and Home representatives have signed a letter to the Environmental Safety Company extolling what they imagine are the benefits of crypto mining.

In a Thursday letter, many U.S. lawmakers together with pro-Bitcoin Senator Cynthia Lummis and Consultant Tom Emmer addressed EPA administrator Michael Regan, requesting the authorities company analyze the potential affect of crypto mining in an effort to stability innovation with environmental considerations. The group of 14 senators and representatives claimed mining might have a “substantial stabilizing effect on energy grids” and cited examples of mining operations utilizing flared gasoline and renewable power sources.

“Digital assets, and their related mining activities, are essential to the economic future of the United States,” said the letter. “Favoring one technology over another, including proof-of-work versus proof-of-stake, can stifle innovation, erode future economic gains, and limit affiliated efficiencies.”

BREAKING: 14 members of Congress ship letter to the EPA, informing them of the helpful environmental and monetary impacts of #Bitcoin Proof-of-Work mining. pic.twitter.com/LCrZ1nhgd9

— Dennis Porter (@Dennis_Porter_) June 16, 2022

As well as to Lummis and Emmer, the lawmakers who signed the letter have been all members of the Republican Social gathering, together with Senators Invoice Hagerty, Kevin Cramer, and Steve Daines. Home Representatives Patrick McHenry, Pete Classes, Invoice Posey, Invoice Huizenga, Andy Barr, Anthony Gonzales, Brian Steil, William Timmons, and Ralph Norman additionally accredited the message to EPA administrator Regan.

The Republicans’ request to Regan stood in distinction to an April letter to the EPA from a bipartisan group of 22 lawmakers. They raised “serious concerns” round crypto corporations working in the United States, claiming that the firms contributed to greenhouse gasoline emissions and weren’t working in accordance with both the Clear Air Act or the Clear Water Act.

“Cryptocurrency mining is poisoning our communities,” stated the April letter to Regan. “The rapidly expanding cryptocurrency industry needs to be held accountable to ensure it operates in a sustainable and just manner to protect communities.”

Associated: Keen to work: Bitcoin change to proof-of-stake stays unlikely

In Could, the Bitcoin Mining Council responded to the April letter with one of its personal, alleging many of the lawmakers’ claims on mining have been inaccurate. Many environmental teams, together with Greenpeace and the Sierra Membership, later urged authorities companies beneath the Biden administration to implement new approaches of their response to crypto mining.

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