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    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
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  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    Enhancing Security in Online Gambling with Blockchain Technology

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    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Cloudflare Accuses Perplexity AI of Using Stealth Crawlers to Evade Website Blocks

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    CryptoPunks and Pudgy Penguins Draw Major Sales

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    NFT Sales Spike in July—but Still Miles Below 2024’s Highs

    Ethereum Collections Lead NFT Sales Today

    Ethereum Collections Lead NFT Sales Today

    how NFTs became a global brand and a Web3 “social currency”

    how NFTs became a global brand and a Web3 “social currency”

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Pixel Vault Removes CEO Following Self-Dealing and Rug Pull Accusations

    Labubus have succeeded in every way that NFTs have failed

    Labubus have succeeded in every way that NFTs have failed

    CryptoPunks Floor Price Hits 3-Year High of $208,000

    CryptoPunks Floor Price Hits 3-Year High of $208,000

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    NFT sales surge to $574 million in July, second-highest in 2025

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    Cracking China’s Blockchain Gaming Market: Why Shrapnel Chose GalaChain

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    Shrapnel to Leave Avalanche in New Partnership with Gala Games

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    Google to Pit Top AI Models Against Each Other in Live Chess Tournament

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    Blockchain Bookmakers: A New Era of Fair and Secure

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

    Ethereum NFT Sales Surge 56% in July 2025 as Alt-Chains Lose Market Share

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    The Biggest Games Releasing in August 2025

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    TaskOn Joins EPHYRA to Elevate AI-Powered Gaming Experience

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

    The Squid Fighter game is taking Telegram by storm — join the fight and claim your NFT before it’s too late!

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    Early Off the Grid Skin Holders Are Cashing In – Will You?

  • Blockchain
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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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Congressman Emmer raises concerns over Biden administration’s “information collection regime” targeting BTC miners

February 22, 2024
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Congressman Emmer raises concerns over Biden administration’s “information collection regime” targeting BTC miners
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House Majority Whip Tom Emmer warned on Feb. 22 that government agencies under the Biden administration are beginning to collect data on Bitcoin mining firms.

In a letter to the Office of Management and Budget (OMB), Emmer acknowledged that the OMB approved and expedited a request from the Energy Information Administration (EIA) that imposes a “new, mandatory information collection regime” on the Bitcoin mining industry.

The fact that the OMB approved the information collection request without a comment period means that the agency must prove that there is likely public harm, Emmer noted.

Emmer denied that any such harm exists. In an X statement, he wrote:

“Bitcoin mining is not a threat to public safety. Period. The [Office of Management and Budget’s] abuse of its emergency powers to attack Bitcoin miners demands an explanation.”

He further defended Bitcoin in the text of his letter, writing that Bitcoin mining firms “play an integral role in the Bitcoin network.” He added that the open and permissionless nature of Bitcoin’s technology “embodies American values” and urged for a politically neutral policy.

Emmer linked the information collection policy to US President Joe Biden’s leadership, arguing that the OMB and EIA are “enforcing the Biden administration’s regressive policy position against energy consumption” and applying it discriminately to the crypto industry.

The Biden administration more broadly introduced energy policies in its Inflation Reduction Act in August 2022.

Consumption concerns unwarranted

According to Emmer, the EIA is concerned about the possibility that Bitcoin mining will increase amid rising prices, which could lead to greater energy consumption. The office is also concerned about high energy consumption during a “major cold snap.”

See also  Top Analyst Says Bitcoin (BTC) Breakout Incoming As BTC Battles $25,000

However, the Congressman believes this is not a legitimate concern because mining activity can adjusted during peak hours and changing weather conditions.

Emmer added that the EIA aims to collect a large variety of data from 82 crypto-mining firms. He suggested that the survey’s broadness is an attempt to impose Scope 3 climate policies — a category that includes energy data beyond a company’s own operations.

Emmer compared the current survey efforts to the US SEC’s poorly received attempts to collect similar information.

In a separate interview with FOX Business, Emmer highlighted that companies that do not comply with the request face criminal and civil penalties, including daily fines of up to $10,000. Firms must provide information on a monthly basis until the end of the survey period in July.

A public statement from the EIA on Jan. 31 indicates that it began a survey of various crypto-mining companies in early February following the OMB’s emergency approval.

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