BlockNews
FOLLOW ON X
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
  • CRYPTO
  • FINANCE
  • POLITICS
  • MEMECOINS
  • NFT
  • TECHNOLOGY
  • OPINION
No Result
View All Result
BlockNews
Home CRYPTO

Bitcoin Mining is Not a Threat to the United States and Here is Why

by Conie
February 23, 2024
in CRYPTO, OPINION
Reading Time: 2 mins read
A A
1
SHARES
19
VIEWS
Share on XShare in TelegramShare on Reddit

House Republican Demands Answers from The Office of Management and Budget

House Majority Whip Tom Emmer says the Biden administration is abusing its power to unfairly target bitcoin miners. In a letter to the Office of Management and Budget (OMB), Emmer questioned the agency’s approval of an emergency request for bitcoin mining firms to share proprietary energy usage data.

How Bitcoin Mining Works

Bitcoin miners power the network behind the world’s largest digital currency. They use computers with high-energy servers to compete to solve complicated math problems and mine bitcoin tokens.

Environmental Concerns Around Mining

Critics say bitcoin mining‘s high energy consumption has negative environmental impacts. However, supporters argue mining can utilize clean energy sources.

Justification for the Emergency Data Request

The Energy Information Administration (EIA) says it needs the mining energy data to analyze implications for the U.S. grid. It cited rising bitcoin prices and a winter cold snap as justification for the “emergency” request.

ICYMI: 🇺🇸 Biden administration is abusing its power to attack #Bitcoin miners

– U.S. congressman @GOPMajorityWhip pic.twitter.com/PF2CiigeNU

— BlockNews.com (@blocknewsdotcom) February 23, 2024

Potential Overreach and Lack of Transparency

Emmer argues the EIA lacks authority for this data demand. The request avoided standard transparency protocols like public comment periods. Miners face penalties for noncompliance.

Link to Biden Administration Climate Change Policies

Emmer suggests the move relates to Biden policies like SEC proposed rules mandating climate disclosures. Some see it as another attempt at emissions tracking and energy use reporting.

Concerns Over Hostile Crypto Regulation

Many criticize the administration’s hostile stance toward crypto regulation. Emmer believes the data will further anti-crypto narratives. He and others want more crypto innovation support.

Tags: BitcoincryptosecTom Emmer
TweetShareShare
Previous Post

Jack Dorsey Bitcoin Bet Pays Off with $207 Million in Profit

Next Post

Spot Ethereum ETF is Inevitable and Here is Why

DON'T MISS THESE! HOT OFF THE PRESS

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling
CRYPTO

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?
CRYPTO

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak
CRYPTO

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party
CRYPTO

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?
BITCOIN

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL
BITCOIN

Crypto Supply Shock: Bitwise Predicts Bullish Runs for BTC, But Shows Doubt With ETH and SOL

July 1, 2025
Load More

Related News

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

Anime 2.0 Revealed: Studio Azuki and the New Wave of Anime Storytelling

July 1, 2025
Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

Pi Coin in July 2025: Rebound Brewing or Another Breakdown?

July 1, 2025
VeChain Struggles to Regain Steam After December Peak

VeChain Struggles to Regain Steam After December Peak

July 1, 2025
Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

Shiba Inu’s Golden Cross Sparks $110M Whale Surge as Pippen Joins the Party

July 1, 2025
Toncoin and Telegram: The Sleeping Giant of 2025?

Toncoin and Telegram: The Sleeping Giant of 2025?

July 1, 2025
Twitter Telegram Threads

BLOCKNEWS.COM

BlockNews

BlockNews.com is your premier source for real-time cryptocurrency, blockchain, and financial market news.

Our mission is to deliver accurate, timely, and insightful information to help both seasoned investors and newcomers navigate the evolving digital economy.

With in-depth analysis, exclusive insights, and up-to-date news, BlockNews.com keeps you informed on the latest trends in crypto, DeFi, NFTs, tech, and beyond.

Stay ahead of the herd with BlockNews.com

RESOURCES

  • About
  • Contact Us
  • Terms and Conditions
  • Privacy Policy

POPULAR TOPICS

$ADA $XRP AI Avalanche Binance Bitcoin Bitcoin ETF blackrock Blockchain BTC Business Cardano Chainlink China Coinbase Coinglass crypto cryptocurrency Crypto Exchange Crypto Regulation DeFi Dogecoin Donald Trump Elon Musk ETF eth ethereum Federal Reserve FTX grayscale Memecoin metaverse Microstrategy NFT NFTs PEPE ripple sec Shiba Inu Solana Stablecoin Technology US Web3 xrp

GET QUICKER UPDATES ON X

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.

No Result
View All Result
  • HOME
  • CRYPTO
  • MEMECOINS
  • TECHNOLOGY
  • POLITICS
  • FINANCE
  • NFT
  • DEFI
  • GUIDES

© 2022-2025 BlockNews.com - Crypto and NFT news website by Aiur Labs.