“The massive energy consumption of cryptocurrency mining and its rapid growth in the United States threaten to undermine progress towards achieving climate goals, and threaten grids, communities and ratepayers,” said Mandy DeRoche, deputy managing attorney of the clean energy program at Earthjustice. Until now, a lack of publicly available information has only benefited an “industry that has thrived in the shadows,” DeRoche added.
The crypto mining industry, however, has claimed it is the victim of a “politically motivated campaign” by Joe Biden’s administration and has, for now, succeeded in averting a survey that it contends is unfairly onerous. “This is an attack against legitimate American businesses with the administration feigning an emergency to score political points,” said Lee Bratcher, president the Texas Blockchain Council, one of the groups that sued to stop the survey. “The White House has been clear that they desire to ‘to limit or eliminate’ bitcoin miners from operating in the United States. “Although bitcoin is resilient and cannot be banned, the administration is seeking to make the lives of bitcoin miners, their employees, and their communities too difficult to bear operating in the United States. This is deeply concerning.”
