Cardano (ADA) creator Charles Hoskinson is warning that new recommendations by the US government do not bode well for Bitcoin (BTC) and other crypto assets.
Taking issue with the recommendations of a new White House Office of Science and Technology Policy report that calls for the involvement of the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DoE) to create evidence-based environmental standards for the responsible design of digital assets, Hoskinson says the proposals could result in an outright ban of Bitcoin.
“[The] EPA and DoE are going to start talking to crypto companies to basically tell them to change the way that their cryptocurrencies work.
And which way? Well, these should include, ‘Standards for very low energy intensities, low water usage, low noise generation, clean energy usage by operators and standards that strengthen over time for additional carbon-free generation to match and exceed additional electricity load of their facilities....
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