More than a dozen lawmakers, including SenLummis and Rep PatrickMcHenry, wrote a letter to the EPA asking for a 'comprehensive' analysis of the environmental impact of proof-of-work mining before the agency tries regulating it. jesseahamilton reports
Republican lawmakers are trying to slam the brakes on any hasty decisions the Environmental Protection Agency may consider to address potential harm from cryptocurrency mining businesses, urging the regulator to study the claims before taking action.
More than a dozen Republicans on the Senate Banking Committee and House Financial Services Committee signed alast week to EPA chief Michael Regan that was meant to counter a message from Democrats sent in April. The Democrats – a list of progressives that includes Rep. Jared Huffman , who leads a subcommittee within the Natural Resources Committee – hadabout climate risks and called for more scrutiny, and the Republicans expressed more support for the industry.
Environmental regulators should seek “a comprehensive analysis as it relates to understanding the potential environmental effects of digital asset mining,” according to the letter, which was signed by Sen. Cynthia Lummis , one of the authors of newto regulate crypto, and Rep. Patrick McHenry , the ranking Republican on the Financial Services Committee, along with three other senators and nine members of Congress. They insisted the U.S.
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