US Lawmakers Want Environmental Agency to Study Crypto Mining's Energy Impact
The Crypto-Asset Environmental Transparency Act would direct the EPA to impose greenhouse gas emission reporting rules on crypto mining facilities and assess their overall impact on the U.S.' environment.
December 08, 2022
U.S. Senators Ed Markey (D-Mass.) and Jeff Merkley (D-Ore.) and Rep. Jared Huffman (D-Calif.) introduced a bill Thursday that would, if passed, direct the Environmental Protection Agency to study the energy usage and environmental impact of crypto mining.
Cautioning that crypto mining threatened U.S. energy goals and local power grids, the lawmakers said the Crypto-Asset Environmental Transparency Act would direct the EPA to produce a report examining the effect miners using more than 5 megawatts of power have on greenhouse gas emissions.
In a statement, Markey said the mining firms were "undermining decades of progress in our fight against climate change by putting profits over the promise of our clean energy future."
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By:
Nikhilesh De
Source:
CoinDesk
U.S. Senators Ed Markey (D-Mass.) and Jeff Merkley (D-Ore.) and Rep. Jared Huffman (D-Calif.) introduced a bill Thursday that would, if passed, direct the Environmental Protection Agency to study the energy usage and environmental impact of crypto mining.
Cautioning that crypto mining threatened U.S. energy goals and local power grids, the lawmakers said the Crypto-Asset Environmental Transparency Act would direct the EPA to produce a report examining the effect miners using more than 5 megawatts of power have on greenhouse gas emissions.
In a statement, Markey said the mining firms were "undermining decades of progress in our fight against climate change by putting profits over the promise of our clean energy future."
...
For complete article, please visit below source link.
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