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U.S. To Unveil Policy For Lowering Energy Use Of Crypto Mining ...Middle East
The Biden Administration is preparing a study on the energy consumption of crypto mining operations with the goal to issue policy recommendations on how miners could lower their energy use and carbon footprint, Bloomberg Law reported on Thursday. The White House is drafting a study to assess the emissions and the strain on the power grid from crypto mining. President Joe Biden issued an executive order in March 2022 to ensure “responsible development” of digital assets, including cryptocurrency mining. The executive order directed the…
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