Key policy issues around crypto mining in the U.S. -Breaking
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January 27, saw eight U.S. senators led by Senator Elizabeth Warren gather. sent letters to the world’s six largest mining companies, demanding to reveal the detailed data on their electricity consumption. This isn’t the first time Senator Warren requested this information from a mining operation — last month a similar letter was sent to Greenidge Generation, which uses a plant to power its facility.
These developments highlight how the United States is putting increasing regulatory pressures on crypto-mining businesses. As you can see, however. last week’s Congress hearing showed, the growing scrutiny might turn out to be an opportunity to align the mining sector’s development with the broader political push for clean energy. Here are some of the key themes around crypto mining that have captured the lawmakers’ attention and that will likely inform the intensifying policy conversation.
Total energy consumption
Fossils vs renewables
PoW vs. PoS
What’s next?
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