Bitcoin Boosters Defend Mining to EPA, Blame Power Producers
- Saylor, Dorsey, others oppose House Democrats call for action
- Two dozen lawmakers voiced ‘serious concerns’ on mining to EPA
Bitcoin boosters and businesses put up a united front in defending mining practices after lawmakers came together asking the U.S. Environmental Protection Agency to take a closer look at the potential impact of cryptocurrency mining on the environment.
MicroStrategy Inc. chief Michael Saylor and dozens of other industry leaders including Block’s Jack Dorsey, Fundstrat’s Tom Lee and Digital Currency Group’s Mark Murphy said that the letter from Democratic Representative Jared Huffman and members of Congress asking the EPA for greater crypto mining oversight was “premised on several misperceptions” about the world’s largest digital asset as well as mining practices. Their response makes eight points in total, aimed at poking holes in Huffman’s call for action but led with the argument that it’s not the miners’ data centers that are responsible for pollution but the power generators.