-The EPA is requested in a letter from the US House Committee to investigate the possible advantages of mining digital assets. Patrick McHenry, the chairman of the House Financial Services Committee, US Senator Cynthia Lummis, and 12 other Republicans contributed to the letter’s creation.
In the letter, Michael Regan, the head of the Environmental Protection Agency, is urged to research the advantages and possibilities of mining digital assets. Before drawing a conclusion on environmental regulation, the research should take into account the advantages of mining.
The letter is regarded as a follow-up to a letter that some House members issued in April 2022. The message was poorly comprehended and didn’t accurately convey the information concerning crypto miners.
EPA should study the impact of digital assets on the US economy
‘The United States is the global leader in financial services and technology innovation. At a time of rapid technological change, we must affirm our commitment to responsible innovation to ensure future generations of Americans continue to enjoy prosperity and opportunity.”
The letter stated
The letter to the EPA included instances of several mines using natural gas as an alternate energy source. It also cited a few instances of mining companies that make an effort to have a good environmental impact.
According to the letter, as distributed ledger technology and digital assets gain popularity, other nations are embracing them quickly and luring significant quantities of talent and capital in an effort to expand their own financial services industries.
The letter also mentioned the importance of mining operations and digital assets to the growth of the American economy. The message prompts to concentrate on supporting and developing technologies that will benefit the nation.