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For instance, the justification for the emergency order, granted by the Office of Management and Budget, was the recent crypto price rally, which saw bitcoin climb over 50% in a matter of months, which the EIA said would “incentivize more cryptomining activity, which in turn increases electricity consumption.”
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- Source: https://www.coindesk.com/consensus-magazine/2024/02/02/the-us-government-seems-to-be-closing-in-on-bitcoin-mining/?utm_medium=referral&utm_source=rss&utm_campaign=headlines
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- Source: https://zephyrnet.com/the-u-s-government-seems-to-be-closing-in-on-bitcoin-mining/