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Blockchain Advocacy Groups Slam EIA’s ‘Politically Motivated’ Inquiry Into US Crypto Mining

After the U.S. Energy Information Administration (EIA) declared its intention to launch an urgent inquiry into the power consumption of cryptocurrency mining within the nation, two blockchain advocacy organizations have labeled the move as a “politically motivated” drive against bitcoin mining, denouncing it as “an attack against legitimate American businesses.” EIA Faces Backlash Over Emergency…
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New York Bill That Aims to Establish a Bitcoin Mining Moratorium Awaits Governor Hochul’s Signature

The state of New York passed a bill that puts a moratorium on specific types of cryptocurrency mining operations that leverage carbon-based energy sources. The policy will place a two-year ban on proof-of-work (PoW) mining if the assembly bill is approved by New York governor Kathy Hochul. New York PoW Mining Moratorium Legislation to Be…
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