On Friday, September 9, Charles Hoskinson, co-founder and CEO of IOG, the blockchain technology company behind Cardano’s R&D, explained why the latest white aluminum report might make Bitcoin facing problems in the United States.
It all started on March 9, when President Joe Biden signed an executive order on ensuring accountability for digital asset development.
Then, on Thursday, September 8, the White House Office of Science and Technology Policy releasedreportTitle: “Climate Impact of Crypto on Climate and Energy in the United States”
Cardano founder Hoskinson commented on the report.
“EPA and DoE will start talking to the crypto sector to tell them to change the way they work. Cryptocurrency”
“So which way? These should include standards for very low power consumption. low water consumption low noise generation clean energy use and standards for controlling carbon emissions.”
“If these measures do not prove contributing to mitigation, Congress may consider passing legislation to limit or limit the use of energy-intensive consensus mechanisms in crypto mining.”
“In other words, they say Bitcoin should be banned.”
Then he continued,
“Basically The White House is hiding a 7 page report that no one has seen or read before saying, ‘Hey, work like proof of work It causes global warming, which is bad. So we should ban it.’”
“And we’ll gently ban it by letting the EPA and DoE come in and creating standards you can’t meet. and when you can’t He will make laws so that you can no longer do it. and eventually mining will be banned from America.”
And here are some comments from the crypto community.
“The White House Really Wants to Ban Bitcoin Mining”
“Bitcoin uses less energy than banking”
If the WH crypto report presented accurate 🍎:🍎 accounting, it would show Bitcoin is cleantech from a lower energy use & carbon emissions perspective
3/fin pic.twitter.com/z8h9WS6q8J— MAGS 🔑⛏️🚒 (@Crypto_Mags) September 9, 2022
Source : Cryptoglobe