On March 3rd, United States Senator Edward Markey and Congressman Jared Huffman announced that they will reintroduce the Crypto-Asset Environmental Transparency Act in Congress. This action was taken ahead of a Senate hearing that Markey will preside over on March 7th to discuss the effects of cryptocurrency mining on the environment.
Markey and Huffman had originally proposed the bill during the previous December session of Congress, with Senator Jeff Merkley co-sponsoring it in the Senate. The bill aims to lead an interagency inquiry into the effects of crypto mining in the US, which would be led by the administrator of the Environmental Protection Agency (EPA).
The bill would require enterprises that engage in operations using more than 5 megawatts of electricity to disclose emissions, and the results of the study would be released within 18 months of the bill’s approval. The study would have a $5 million budget.
Markey identified 16 public organisations that support the legislation, including the National Stop Crypto Coalition, Greenpeace USA, and the Sierra Club. According to Markey, cryptocurrency miners drain megawatt after megawatt from public networks to generate profits for themselves, resulting in astronomically high levels of greenhouse gases.
As a result, the industry is trampling all over our neighbourhoods, and it’s time to take action.
The urgent need for drastic action against the environmental effects of cryptocurrency mining will be the main topic of a meeting that Markey will soon preside over. This meeting will be held by the Subcommittee on Clean Air and Nuclear Safety of the Senate Environment and Public Works Committee.
In February, several Democratic legislators, including Markey and Huffman, wrote letters to the EPA Administrator Michael Regan and the Secretary of Energy Jennifer Granholm, requesting their organisations’ cooperation to address the lack of knowledge regarding the energy use and environmental effects of cryptocurrency mining.
They also signed a letter to the CEO of the Electric Reliability Council of Texas, requesting data on Texas’s energy use and environmental effects of cryptocurrency mining. Senator Elizabeth Warren was the primary author of both letters.
Bitcoin crypto-asset mining operations in the United States produce greenhouse gas emissions equivalent to those of seven million gasoline-powered automobiles. To investigate the impact of crypto mining on the environment in the US, Senator Markey and Congressman Huffman are reintroducing the bill which will initiate an interagency inquiry.
The bill aims to require enterprises using more than 5 megawatts of electricity to disclose emissions, and the results of the study would be released within 18 months of the bill’s approval.
The urgent need for drastic action against the environmental effects of cryptocurrency mining will be the main topic of a meeting that Markey will soon preside over. Several Democratic legislators had previously written letters to various organisations to address the lack of knowledge regarding the energy use and environmental effects of cryptocurrency mining.
. This action was taken ahead of a Senate hearing that Markey will preside over on March 7th to discuss the effects of cryptocurrency mining on the environment.
Markey and Huffman had originally proposed the bill during the previous December session of Congress, with Senator Jeff Merkley co-sponsoring it in the Senate. The bill aims to lead an interagency inquiry into the effects of crypto mining in the US, which would be led by the administrator of the Environmental Protection Agency (EPA).
The bill would require enterprises that engage in operations using more than 5 megawatts of electricity to disclose emissions, and the results of the study would be released within 18 months of the bill’s approval. The study would have a $5 million budget.
Markey identified 16 public organisations that support the legislation, including the National Stop Crypto Coalition, Greenpeace USA, and the Sierra Club. According to Markey, cryptocurrency miners drain megawatt after megawatt from public networks to generate profits for themselves, resulting in astronomically high levels of greenhouse gases.
As a result, the industry is trampling all over our neighbourhoods, and it’s time to take action.
The urgent need for drastic action against the environmental effects of cryptocurrency mining will be the main topic of a meeting that Markey will soon preside over. This meeting will be held by the Subcommittee on Clean Air and Nuclear Safety of the Senate Environment and Public Works Committee.
In February, several Democratic legislators, including Markey and Huffman, wrote letters to the EPA Administrator Michael Regan and the Secretary of Energy Jennifer Granholm, requesting their organisations’ cooperation to address the lack of knowledge regarding the energy use and environmental effects of cryptocurrency mining.
They also signed a letter to the CEO of the Electric Reliability Council of Texas, requesting data on Texas’s energy use and environmental effects of cryptocurrency mining. Senator Elizabeth Warren was the primary author of both letters.
Bitcoin crypto-asset mining operations in the United States produce greenhouse gas emissions equivalent to those of seven million gasoline-powered automobiles. To investigate the impact of crypto mining on the environment in the US, Senator Markey and Congressman Huffman are reintroducing the bill which will initiate an interagency inquiry.
The bill aims to require enterprises using more than 5 megawatts of electricity to disclose emissions, and the results of the study would be released within 18 months of the bill’s approval.
The urgent need for drastic action against the environmental effects of cryptocurrency mining will be the main topic of a meeting that Markey will soon preside over. Several Democratic legislators had previously written letters to various organisations to address the lack of knowledge regarding the energy use and environmental effects of cryptocurrency mining.