SLNH - Sen. Elizabeth Warren wants crypto miners to disclose energy use emissions
- U.S. Sen. Elizabeth Warren (D.-Mass.) is seeking action from the U.S. Environmental Protection Agency and Department of Energy to make cryptocurrency miners report their energy use and emissions, Bloomberg reported Friday, citing a letter.
- Warren alongside Congresswoman Rashida Tlaib and a group of Democratic Party lawmakers asked the EPA and DOE to provide a briefing on their ability to require crypto miners' disclosures, Bloomberg noted. The deadline for that written description is August 15.
- The move comes as regulators increasingly scrutinize the crypto mining industry given its intensive use of fossil fuel-based energy, namely from Proof-of-Work-based blockchains like bitcoin ( BTC-USD ).
- New York, in particular, has been at the forefront of this issue as the state's regulator aims to replace PoW mining with Proof-of-Stake mining , which uses cleaner energy sources.
- Eco-friendly crypto miners include: Soluna Holdings ( SLNH ), Greenidge Generation ( GREE ), DMG Blockchain ( OTCQB:DMGGF ), Argo Blockchain ( ARBK ) and Powerbridge Technologies ( PBTS ).
- Last year, Warren sent a letter to Greenidge Generation CEO on crypto mining climate concerns .
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Sen. Elizabeth Warren wants crypto miners to disclose energy use, emissions