ICYMI: ‘No pending legislation’ on crypto mining, says Blockchain Caucus co-chair
Crypto miners going to have to keep answering to lawmakers even in the absence of statute.
Soto, a member of the full Energy Committee and a co-chair of the Blockchain Caucus, rushed from votes to join the subcommittee in its questioning of several leaders in crypto mining. Presiding remotely, subcommittee chair Dianna DeGette almost passed him over. “There are other industries using far more energy that we’ve been looking at for years," says Soto."We’re going down the list of energy users: transportation, manufacturing, utilities.”“Crypto has become a more mature industry," he says."There’s not a partisan disagreement as to whether mining should happen, it’s more a question of ‘how do we protect the environment’”
As Soto notes, “Grants fit well, because it’s a budget bill, but regulation would in all likelihood have to come primarily in the form of incentives.”