• About
  • Landing Page
  • Buy JNews
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Massachusetts Senator Forwards Invoice Aimed toward Forcing Crypto Miners to Report Greenhouse Gasoline Emissions – Bitcoin Information

SB Crypto Guru News by SB Crypto Guru News
December 9, 2022
in Bitcoin
0 0
0
Massachusetts Senator Forwards Invoice Aimed toward Forcing Crypto Miners to Report Greenhouse Gasoline Emissions – Bitcoin Information


Massachusetts Senator Forwards Invoice Aimed toward Forcing Crypto Miners to Report Greenhouse Gasoline Emissions – Bitcoin Information

On Dec. 8, 2022, three Democratic politicians from Massachusetts, Oregon, and California revealed laws geared toward combatting “energy-intensive” cryptocurrency mining operations. The invoice launched by senator Ed Markey (D-MA) alleges that crypto mining “strains the grid” and the business “undermines U.S. local weather objectives.”

3 U.S. Bureaucrats Imagine Crypto Miners Have to Report Carbon Emissions and Environmental Assessments

Senators Ed Markey (D-MA), Jeff Merkley (D-ORE), and Jared Huffman (D-CA) have launched a invoice that will require “an interagency examine on the environmental and vitality impacts of crypto asset mining.” Markey’s press launch in regards to the “Crypto Asset Environmental Transparency Act” particulars that the U.S. Environmental Safety Company (EPA) would lead the examine.

Moreover, the EPA would assess crypto mining exercise within the U.S. and operations could be required to report greenhouse fuel (GHG) emissions. Crypto mining corporations required to report GHG emissions could be “operations that eat greater than 5 megawatts of energy,” the press launch particulars.

“Huge-money [crypto mining] corporations are undermining a long time of progress in our battle towards local weather change by placing income over the promise of our clear vitality future – jeopardizing the reliability and security of our grid within the course of and making it all of the extra seemingly for utilities to boost vitality costs on working households,” senator Markey stated on Thursday.

Consultant Jared Huffman stated the invoice would lastly pull “the curtain again on this business.” Huffman added:

The time for transparency, oversight, and accountability is now.

The bureaucrats’ invoice goals to fight so-called local weather change, a story that U.S. politicians and leaders worldwide have been pushing for years. Markey’s opinions observe a lot of research and analysis stories that point out operations like bitcoin (BTC) mining are literally advantageous, not just for relieving the grids leveraged but additionally eradicating carbon emissions.

For example, the environmental, social, and governance (ESG) analyst, Daniel Batten, revealed a report that claims bitcoin mining might remove the world’s carbon emissions by 5.32%. On Nov. 29, 2022, the Electrical Reliability Council of Texas (ERCOT) revealed a report that exhibits bitcoin mining is useful to the Texas grid. ERCOT’s examine signifies that bitcoin mining operations in Texas might curtail 1.7 gigawatts (GW) of vitality through the Texas winter.

Bitcoin mining can be recognized to mitigate flare fuel (the discharge of uncooked fuel into the environment) and landfill fuel. Within the press launch revealed on Thursday, nevertheless, U.S. senator Merkley argued that “Crypto asset mining consumes large quantities of electrical energy” and careworn “most of which is generated by burning fossil fuels.” Nevertheless, varied research through the years point out {that a} majority of bitcoin mining operations are pushed by renewable vitality sources.

The bureaucrats’ act is endorsed by the Sierra Membership, Earthjustice, Environmental Working Group, and Seneca Lake Guardian. “Digital property that depend on proof-of-work are wasteful by design,” Scott Faber, the senior vp for presidency affairs on the Environmental Working Group stated in an announcement. “Sturdy federal laws should handle” the state of affairs, Earthjustice’s clear vitality legal professional Mandy DeRoche added.

Tags on this story
Bitcoin, Bitcoin Mining Operations, Bureaucrats, california, Carbon Emissions, local weather change, local weather disaster, Democratic politicians, Earthjustice, Ed Markey (D-MA), Vitality, Environmental Working Group, EPA, Flare Gasoline, GHG emissions, greenhouse fuel, grid, Jared Huffman (D-CA), Jeff Merkley (D-ORE), Laws, Massachusetts, Mining Operations, oregon, renewables, Seneca Lake Guardian, Sierra Membership

What do you consider the U.S. bureaucrats’ invoice that goals to control crypto mining and pressure operations to report greenhouse fuel emissions? Tell us what you consider this topic within the feedback part beneath.

Jamie Redman

Jamie Redman is the Information Lead at Bitcoin.com Information and a monetary tech journalist dwelling in Florida. Redman has been an energetic member of the cryptocurrency neighborhood since 2011. He has a ardour for Bitcoin, open-source code, and decentralized functions. Since September 2015, Redman has written greater than 6,000 articles for Bitcoin.com Information concerning the disruptive protocols rising at present.




Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct supply or solicitation of a proposal to purchase or promote, or a suggestion or endorsement of any merchandise, providers, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, straight or not directly, for any harm or loss triggered or alleged to be brought on by or in reference to using or reliance on any content material, items or providers talked about on this article.

Extra Standard Information

In Case You Missed It





Source link

Tags: AimedbillBitcoinBitcoin NewsCryptoCrypto NewsCrypto UpdatesEmissionsForcingForwardsGasGreenhouseLatest News on CryptoMassachusettsminersNewsReportSB Crypto Guru NewsSenator
Previous Post

Why The Halving Occasion Will Push Bitcoin Worth To Attain $100,000 In 2024

Next Post

Ethereum Shanghai Exhausting Fork Slated For March – What You Want To Know

Next Post
Ethereum Shanghai Exhausting Fork Slated For March – What You Want To Know

Ethereum Shanghai Exhausting Fork Slated For March – What You Want To Know

  • Trending
  • Comments
  • Latest
Meta Pumps a Further  Million into Horizon Metaverse

Meta Pumps a Further $50 Million into Horizon Metaverse

February 24, 2025
How to Get Token Prices with an RPC Node – Moralis Web3

How to Get Token Prices with an RPC Node – Moralis Web3

September 3, 2024
AI & Immersive Learning: Accelerating Skill Development with AI and XR

AI & Immersive Learning: Accelerating Skill Development with AI and XR

June 4, 2025
The Metaverse is Coming Back! – According to Meta

The Metaverse is Coming Back! – According to Meta

February 7, 2025
NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

NFT Rarity API – How to Get an NFT’s Rarity Ranking – Moralis Web3

September 6, 2024
Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

Samsung Unveils ‘Moohan’ to Compete with Quest, Vision Pro

January 29, 2025
Turner painting bought last year for £500 sells for almost £2m at Sotheby’s – The Art Newspaper

Turner painting bought last year for £500 sells for almost £2m at Sotheby’s – The Art Newspaper

0
Aeza Group Banned by US Over Ransomware and Crypto Links

Aeza Group Banned by US Over Ransomware and Crypto Links

0
NFT Sales Hit +8M This Week, As NFT Buyers Increase +50%

NFT Sales Hit +$128M This Week, As NFT Buyers Increase +50%

0
NY Attorney General Demands Tougher Rules for Crypto Bills

NY Attorney General Demands Tougher Rules for Crypto Bills

0
Render Royale June 2025: Celebrating Creative Triumphs in Digital Art

Render Royale June 2025: Celebrating Creative Triumphs in Digital Art

0
XRP Price Prepares for Possible Bounce — Support Levels In Focus

XRP Price Prepares for Possible Bounce — Support Levels In Focus

0
Create Visuals, Content, and Presentations That Land with This  Bundle

Create Visuals, Content, and Presentations That Land with This $25 Bundle

July 6, 2025
Why Satoshi-Era Bitcoin Are Relevant To Market Dynamics — Analyst Explains

Why Satoshi-Era Bitcoin Are Relevant To Market Dynamics — Analyst Explains

July 6, 2025
Bitcoin Price Watch: Tight Range Signals Calm Before the Breakout

Bitcoin Price Watch: Tight Range Signals Calm Before the Breakout

July 6, 2025
NFT Sales Hit +8M This Week, As NFT Buyers Increase +50%

NFT Sales Hit +$128M This Week, As NFT Buyers Increase +50%

July 6, 2025
Bitcoin’s True Value Is Higher Than 0,000, Expert Warns

Bitcoin’s True Value Is Higher Than $110,000, Expert Warns

July 6, 2025
Best Crypto Signals Telegram Groups for Profitable Trading in 2025

Best Crypto Signals Telegram Groups for Profitable Trading in 2025

July 6, 2025
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at SB Crypto Guru News.

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.