White House Wants To Talk About Crypto’s Energy Use and Environmental Impact

It’s no secret that the current state of the cryptocurrency industry has an impact on the environment. The White House’s science and technology team is requesting public opinion on its impact on the climate.

In President Biden’s executive order he signed earlier this month, he asked the White House’s Office of Science and Technology Policy (OSTP) to prepare a report on the “potential for digital assets to impede or advance efforts to tackle climate change and the transition to a clean and reliable electricity grid.”

The impact of crypto mining has become controversial in recent years, inspiring some lawmakers to propose a ban on crypto mining, citing environmental concerns.

People have pushed back against the concerns, while others have suggested that the blockchain will support environmental issues. More effectively, TeraWulf is trying to create a solution by creating the first bitcoin mining company powered by nuclear, hydro, and solar energy.

The OSTP is getting to the bottom of crypto’s environmental impact with a forthcoming report. Anyone interested in sharing their thoughts with the White House can do so until May 9.

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