The US House Committee sends a letter to the EPA asking them to study the potential benefits of digital asset mining. The letter was crafted by the House Financial Services Committee Republican Leader Patrick McHenry, along with US Senator Cynthia Lummis and 12 colleagues.
We are writing to seek your assistance in ensuring that the Environmental Protection Agency pursues a comprehensive analysis as it relates to understanding the potential environmental effects of digital asset mining.
The letter urges Michael Regan, the administrator of the Environmental Protection Agency, to study the benefits and true potential of digital asset mining. The study includes noting the benefits of mining before concluding on environmental regulation.
The letter is considered a follow-up letter to a previous letter that was sent in April 2022 by various House members. Reportedly, the letter was not adequately understood and didn’t give the exact picture of the data about crypto miners.
As you know, a substantial portion of digital asset miners’ energy use is based on renewable sources. Additionally, many miners use other power sources, like natural gas, that may otherwise go unused.
The letter also quoted examples of various mines that utilize alternative power sources, including natural gas. The letter highlighted certain examples of mining firms that work to produce a positive environmental impact.
Additionally, the letter stated that digital assets and mining activities are essential for the economic development of the United States. The letter urges to focus on assisting and promoting the innovations that can aid the country.