This story was updated at 2:26 p.m. EDT.
A White House agency today called on the Biden administration to consider cracking down on bitcoin miners and other producers of energy-intensive digital assets because of the threat they pose to the nation’s climate goals.
Before taking potential punitive measures on the emerging $1 trillion industry, the Office of Science and Technology Policy urged federal agencies to work with states, communities and industry to develop voluntary environmental performance standards for bitcoin, ether and nonfungible tokens (NFTs), all of which are digital assets secured using cryptographic techniques.
“Should these measures prove ineffective at reducing impacts, the Administration should explore executive actions, and Congress might consider legislation, to limit or eliminate the use of high energy intensity consensus mechanisms for crypto-asset mining,” the White House agency said in a new report on the climate and energy implication of the crypto...
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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...