The Digital Energy Council: Dispelling Fears and Advancing Crypto Mining
A new lobbying group, the Digital Energy Council, has been established to address concerns and promote the sustainability of cryptocurrency mining. The group aims to engage with policymakers in Washington and advocate for policies that support growth in the sector while adhering to energy laws and national security interests.
- The Digital Energy Council is a collaborative effort to protect the interests of cryptocurrency miners.
- It aims to dispel fears surrounding crypto mining and advocate for responsible and sustainable energy development.
- The group plans to engage with policymakers in Washington to advance key policies for the growth of the sector.
- The founder, Thomas Mapes, sees virtual asset mining companies as the “energy companies of the future.”
- Members of the lobbying group include major digital asset firms and mining companies.
This initiative comes in response to negative legislation and criticism faced by crypto miners. The Biden Administration proposed a 30% digital asset mining tax, and lawmakers accused miners of consuming excessive energy. The Chinese mining ban also highlighted the need for positive legislation in the industry.
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