2 years ago
Jesse Hamilton is CoinDesk's lawman managing exertion for planetary argumentation and regulation. He doesn't clasp immoderate crypto.
U.S. Rep. Jared Huffman (D-Calif.), who leads a subcommittee wrong the House of Representatives’ Natural Resources Committee, has recruited astir 2 twelve Democratic colleagues to impulse national biology officials to give further scrutiny to the consequences of cryptocurrency mining.
“We person superior concerns regarding reports that cryptocurrency facilities crossed the state are polluting communities and are having an outsized publication to greenhouse state emissions,” according to the letter, signed by lawmakers including Brad Sherman and Jamaal Bowman of California; Alexandria Ocasio-Cortez of New York; and Jesús G. "Chuy" García and Marie Newman of Illinois. “People surviving adjacent crypto mining facilities are already suffering the effects of air, h2o and sound contamination from these facilities.”
In the missive sent this week to Environmental Protection Agency Administrator Michael Regan, Huffman – besides a subordinate of the House Select Committee connected the Climate Crisis – praised President Joe Biden’s caller enforcement bid calling for deeper knowing of crypto’s clime effects and supporting cleaner technologies.
“A azygous bitcoin transaction could powerfulness the mean U.S. household for a month,” the lawmakers’ missive noted. “According to estimates by researchers, bitcoin produces annually c emissions comparable to Greece.”
The Democrats encouraged the further information of proof-of-stake mining exertion arsenic perchance having “99.99% little vigor demands” to validate transactions.
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat NowDISCLOSURE
The person successful quality and accusation connected cryptocurrency, integer assets and the aboriginal of money, CoinDesk is simply a media outlet that strives for the highest journalistic standards and abides by a strict acceptable of editorial policies. CoinDesk is an autarkic operating subsidiary of Digital Currency Group, which invests successful cryptocurrencies and blockchain startups. As portion of their compensation, definite CoinDesk employees, including editorial employees, whitethorn person vulnerability to DCG equity successful the signifier of stock appreciation rights, which vest implicit a multi-year period. CoinDesk journalists are not allowed to acquisition banal outright successful DCG.
Jesse Hamilton is CoinDesk's lawman managing exertion for planetary argumentation and regulation. He doesn't clasp immoderate crypto.
Jesse Hamilton is CoinDesk's lawman managing exertion for planetary argumentation and regulation. He doesn't clasp immoderate crypto.
Sign up for State of Crypto, our play newsletter examining the intersection of cryptocurrency and government
By signing up, you volition person emails astir CoinDesk merchandise updates, events and selling and you hold to our terms of services and privacy policy.
English (US) 