US Lawmaker Criticizes OMB’s Approval of Bitcoin Mining Data Collection
United States lawmaker Tom Emmer has expressed his disapproval of the Office of Management and Budget’s decision to allow the Energy Information Administration (EIA) to collect data on Bitcoin mining firms. In a letter to the OMB, Emmer defended Bitcoin and miners’ freedom to protect the network. The Texas Blockchain Council and Bitcoin miner Riot Platforms have also sued the EIA over the same data order. Emmer argues that Bitcoin mining does not pose a threat to public safety and questions the agency’s use of emergency powers in this matter.
Rep Emmer Supports Bitcoin and Miners’ Role in Network Security
Emmer argues that Bitcoin miners play a crucial role in securing the entire network and embody American values. He states that they are simply computers using electricity, mostly from sustainable sources, to validate and settle transactions on the blockchain. Emmer questions the neutrality of the EIA as an agency and suggests that this move aligns with the Biden Administration’s policy against energy consumption by Bitcoin miners. He also raises concerns about the scope of the survey conducted by the EIA.
Lawmaker Demands Explanation for OMB’s Decision
In his letter, Emmer demands an explanation from the OMB regarding why normal clearance measures were not taken between them and the EIA. He also seeks clarification on the criteria used to determine the degree of emergency that led to this decision. Additionally, he asks whether criminal penalties have been imposed for failure to respond to similar emergency requests for information collection in the past. Emmer emphasizes procedural requirements and calls for transparency in protecting collected data.
Hot Take: Bitcoin Mining Poses No Threat
Bitcoin mining is not a threat to public safety, according to Rep Emmer. He criticizes the OMB’s abuse of power in approving the data collection on Bitcoin mining firms by the EIA. Emmer’s support for Bitcoin and miners’ freedom highlights their role in securing the network and the need for politically neutral technology policy. The lawsuit against the EIA and Emmer’s letter aim to challenge the agency’s actions and ensure transparency in decision-making processes. The cryptocurrency community has also expressed support for Emmer’s stance.
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