Massachusetts Senator Elizabeth Warren and a group of six other U.S. lawmakers have requested information from the head of the Electric Reliability Council of Texas, or ERCOT, on the energy usage and potential environmental impact of crypto miners.
In an Oct. 12 letter, Senators Elizabeth Warren, Sheldon Whitehouse, and Edward Markey an House of Representatives members Al Green, Katie Porter, Jared Huffman, and Rashida Tlaib requested ERCOT CEO Pablo Vegas provide details on the impact Texas crypto mining firms have had on the stability of the state’s energy grid, climate change and subsidies given to companies. According to the letter, the U.S. lawmakers claimed crypto miners were “flooding” into Texas due to the state’s loose regulations.
“Texas has ‘become one of the go-to locations for crypto entrepreneurs,’ with active lobbying of the government by the Texas Blockchain Council, and crypto CEOs and state politicians alike vowing to make the state the ‘Bitcoin capital of the...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...