Despite the concerns about the environmental effects of Bitcoin (BTC) Proof-of-Work (PoW) mining, a group of United States Congress members has sent a letter to the country’s Environmental Protection Agency (EPA), explaining the practice actually has certain benefits.
Specifically, 14 members of the U.S. Congress urge the agency to pursue “a comprehensive analysis as it relates to understanding the potential environmental effects of digital asset mining,” according to the letter addressed to EPA’s Administrator Michael S. Regan, which crypto analyst Dennis Porter published in his tweet on June 17.
One of the co-signatories, Senator Cynthia Lummis confirmed the authenticity of the letter, dated June 16, by retweeting it. Other co-signatories include Senators Bill Hagerty, Kevin Cramer, and Steve Daines, as well as Representatives Patrick T. McHenry, Pete Sessions, Bill Posey, Bill Huizenga, Tom Emmer, Andy Barr, Anthony Gonzales, Brian Steil, William Timmons, and Ralph Norman.
Technological change and environmental effects
As per the letter, “the United States is the global leader in financial services and technology innovation. At a time of rapid technological change, we must affirm our commitment to responsible innovation to ensure future generations of Americans continue to enjoy prosperity and opportunity.”
Nicenko, A. (2022, June 17). 14 U.S. Congress members appeal to EPA, citing benefits of bitcoin mining. Finbold. Retrieved June 21, 2022, from https://finbold.com/14-u-s-congress-members-appeal-to-epa-citing-environmental-and-financial-benefits-of-bitcoin-mining/