Cryptocurrency Analysis and News Portal
Democratic legislators from both houses of the United States Congress have sent a letter to the Environmental Protection Agency (EPA) and Energy Department (DOE) to inform them of their findings on the energy consumption of cryptocurrency mining and asking the agencies to require mining to report their emissions and energy
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A parliamentary committee has started an inquiry into the risks and opportunities in the use of crypto and the necessary response from the government and regulatory bodies. Source
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Just last week, the bloc provisionally agreed on new laws designed to license crypto companies, known as the Markets in Crypto Assets Regulation (MiCA), and impose identity checks on transactions. But the European Commission was keen to leave detailed money-laundering procedures for a wider overhaul that also covers sectors such
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A group of 14 United States senators and House representatives have signed a letter to the Environmental Protection Agency extolling what they believe are the benefits of crypto mining.In a Thursday letter, many U.S. lawmakers including pro-Bitcoin Senator Cynthia Lummis and Representative Tom Emmer addressed EPA administrator Michael Regan, requesting
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The collapse of terraUSD only added extra fuel to the fire of those saying the sector needs regulatory clarity, and fast. Source
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Several U.S. lawmakers and a commissioner with the U.S. Securities and Exchange Commission (SEC) have voiced concerns about the securities regulator expanding its crypto enforcement unit. “The SEC is a regulatory agency with an enforcement division, not an enforcement agency.” Lawmakers Oppose SEC’s Crypto Enforcement Focus A number of lawmakers and a
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U.S. Representatives Glenn Thompson (R-Pa.) and Ro Khanna (D-Calif.) reintroduced the Digital Commodity Exchange Act Thursday, which would create a comprehensive national framework for digital assets and give the Commodity Futures Trading Commission a greater role in overseeing the sector. Source
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Lawmakers could be swayed by the risk of a legal challenge, Schrepel believes – but in practice it may be difficult to get them to retreat from a position they share with the Council. In other areas there is less consensus on the right approach – and, for the law
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The bill would place a two-year moratorium on new permits for proof-of-work mining operations in former power plants. Original Source
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Twenty-three U.S. lawmakers have called on the U.S. Environmental Protection Agency (EPA) to increase oversight of cryptocurrency’s environmental impacts. “We request that the EPA evaluate ‘Proof-of-Work’ mining facilities’ compliance with environmental statutes,” they said. Lawmakers Want More Oversight of Bitcoin Mining Industry U.S. Representative Jared Huffman (D-CA) and 22 other Congress members
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