The U.S. Government Seems to Be Closing in on Bitcoin Mining

For instance, the justification for the emergency order, granted by the Office of Management and Budget, was the recent crypto price rally, which saw bitcoin climb over 50% in a matter of months, which the EIA said would “incentivize more cryptomining activity, which in turn increases electricity consumption.”

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• Source: https://www.coindesk.com/consensus-magazine/2024/02/02/the-us-government-seems-to-be-closing-in-on-bitcoin-mining/?utm_medium=referral&utm_source=rss&utm_campaign=headlines