Crypto industry advocates such as the Blockchain Association criticized the Biden administration’s reports, calling them a “missed opportunity” that disproportionately focused on the risks associated with the industry without providing solutions to improve access and security.
In response to the White House findings, U.S. Sen. Edward Markey, D-Mass., and U.S. Rep. Jared Huffman, D-Calif., introduced the Crypto-Asset Environmental Transparency Act in December. U.S. Sen. Jeff Merkley, an Oregon Democrat, is a co-sponsor.
The bill would require the Environmental Protection Agency to conduct a comprehensive impact study of U.S. crypto mining activity and require crypto mining operations that use more than 5 megawatts of power to report their greenhouse-gas emissions.
Oregon
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