Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG
No Result
View All Result
Invest In Crypto News
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG
No Result
View All Result
Invest In Crypto News
No Result
View All Result

Biden administration’s notorious Bitcoin mining survey halted after legal backlash

CryptoExpert by CryptoExpert
March 2, 2024
in Mining
0
Biden administration’s notorious Bitcoin mining survey halted after legal backlash
  • Facebook
  • Twitter
  • Pinterest



You might also like

American Bitcoin’s $126M profit masks rising mining costs

I Made My OWN Bitcoin Miner…

Democrats Are Coming for AI Data Centers and Bitcoin Miners Could Pay Dearly

The US Energy Information Administration (EIA) agreed to stop the emergency survey of Bitcoin miners as part of an agreement to end the lawsuit filed by several industry players, including the Texas Blockchain Council.

According to the March 1 court filing, the EIA must destroy any survey information it has already received and information yet to be received. It must also sequester or keep confidential that data until it is destroyed.

The controversial survey aimed to gather data on how much energy miners use. However, the industry responded with lawsuits that argued the survey would “irreparably harm” operations by forcing miners to divulge “confidential information.”

Agreement terms

As part of the agreement, the EIA will publish a new notice in the Federal Register to restart the survey process from scratch — withdrawing and replacing a previous notice from Feb 9, which did not invite comment and feedback.

okex

The new notice must allow for a 60-day comment period, after which the EIA may conduct the survey following specific statutory and regulatory provisions.

Additionally, the EIA must consider comments submitted in response to both the new and the Feb. 9 notices as if they were submitted to the new notice.

The EIA and other defendants will additionally pay the plaintiffs — Riot Platforms and Texas Blockchain Council — $2,199.45 to cover legal costs and fees.

Controversial survey

The EIA began collecting data on mining firms in late January after the Office of Management and Budget (OMB) authorized the survey as an emergency request. The controversial survey has been closely linked to the policies of the Biden administration, specifically the energy policies outlined in its 2022 Inflation Reduction Act.

The agencies were concerned that Bitcoin mining could accelerate alongside price growth, leading to greater energy consumption during high-demand periods and cold weather.

Republican Congressman Tom Emmer expressed opposition to the survey on Feb. 22. In addition to denying that Bitcoin mining posed a threat, Emmer noted that the EIA had justified a survey based on emergency policies but had failed to introduce the required comment period.

Industry players, including Riot Platforms, the Chamber of Digital Commerce, and the Texas Blockchain Council, filed a lawsuit against the survey, resulting in the court granting a temporary stay until March 24.

Following the legal action, the EIA paused its attempts to collect data one day later on Feb. 24.



Source link

  • Facebook
  • Twitter
  • Pinterest
Tags: Bitcoin
CryptoExpert

CryptoExpert

Recommended For You

American Bitcoin’s $126M profit masks rising mining costs

by CryptoExpert
November 7, 2026
0
Cointelegraph

American Bitcoin reported a quarterly net income of $126 million on Wednesday, but rising mining costs and falling profits from mining raise questions about its long-term strategy as...

Read more

I Made My OWN Bitcoin Miner…

by CryptoExpert
November 6, 2026
0
I Made My OWN Bitcoin Miner…

Check on YouTube

Read more

Democrats Are Coming for AI Data Centers and Bitcoin Miners Could Pay Dearly

by CryptoExpert
November 6, 2026
0
Democrats Are Coming for AI Data Centers and Bitcoin Miners Could Pay Dearly

Key TakeawaysTexas Governor-elect Gina Hinojosa has vowed a moratorium on new data center approvals after her Nov. 3 win.Sen. Bernie Sanders called for a national moratorium as IREN...

Read more

Bitcoin miners’ daily revenue per unit of computing power falls 8.7%

by CryptoExpert
November 5, 2026
0
Editorial collage of a mining machine on elevated Bitcoin-marked concrete steps, with power infrastructure against acid-green paper.

Bitcoin miners face weak dollar revenue even as the mining forward market priced in little additional competition through December, according to an October 30 analysis by mining data...

Read more

I'm hitting “Bitcoin” Blocks like MAD…

by CryptoExpert
November 3, 2026
0
I'm hitting “Bitcoin” Blocks like MAD…

Check on YouTube

Read more
Next Post
Stacks (STX) and InQubeta (QUBE) emerge as tokens to watch

Stacks (STX) and InQubeta (QUBE) emerge as tokens to watch

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

Sitemap

  • Market Cap
  • Donations
  • Trading
  • Mining
  • Contact

Legal Information

  • Privacy Policy
  • Anti-Spam Policy
  • Copyright Notice
  • DMCA Compliance
  • Social Media Disclaimer
  • Terms Of Service

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Doge News
  • Ethereum News
  • Finance
  • Market Analysis
  • Mining
  • NFT News
  • Politics
  • Regulation
  • Technology
  • Trending Cryptos
  • Video

© Copyright 2024 InvestInCryptoNews.com

No Result
View All Result
  • Home
  • Latest News
    • Bitcoin News
    • Altcoin News
    • Ethereum News
    • Blockchain News
    • Doge News
    • NFT News
    • Video
    • Market Analysis
    • Business
    • Finance
    • Politics
    • Mining
    • Regulation
    • Technology
  • Top 10 Cryptos
  • Market Cap List
  • IC DAO
  • Donations
  • Contact
  • Buy Crypto
  • BLOG

© Copyright 2024 InvestInCryptoNews.com

This website is using cookies to improve the user-friendliness. You agree by using the website further.

Privacy policy
bitcoin
Bitcoin (BTC) $ 75,692.00
ethereum
Ethereum (ETH) $ 2,231.60
tether
Tether (USDT) $ 0.99926
bnb
BNB (BNB) $ 695.74
xrp
XRP (XRP) $ 1.16
usd-coin
USDC (USDC) $ 0.999743
solana
Solana (SOL) $ 89.51
tron
TRON (TRX) $ 0.319776
staked-ether
Lido Staked Ether (STETH) $ 2,265.05
figure-heloc
Figure Heloc (FIGR_HELOC) $ 1.03

Pin It on Pinterest

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?