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White House To Reduce Bitcoin Energy Use: Report

  • The White House is drafting coverage to handle bitcoin mining because it seeks to reduce power consumption and emissions.
  • In March 2022, President Biden signed an government order in a “whole of government” method to regulate the broader cryptocurrency market.
  • Per the manager order’s timeline, a report is anticipated to be launched in August detailing local weather affect and different governing considerations.

The Biden administration is crafting coverage suggestions geared toward lessening the power consumption and emissions footprint of Bitcoin and different proof-of-work (PoW) cryptocurrencies, in accordance to a report from Bloomberg Law.

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