US government to address the ramifications of cryptocurrencies on Jan 20th -> Tune in here

Source Node: 1883211

FinBold | Jordan Major  | Jan 16, 2022

US government - US government to address the ramifications of cryptocurrencies on Jan 20th -> Tune in here” width=”300″ height=”201″ srcset=”https://platoaistream.net/wp-content/uploads/2022/01/us-government-to-address-the-ramifications-of-cryptocurrencies-on-jan-20th-tune-in-here.jpg 600w, https://ncfacanada.org/wp-content/uploads/2022/01/US-government-224×150.jpg 224w, https://ncfacanada.org/wp-content/uploads/2022/01/US-government-300×201.jpg 300w, https://ncfacanada.org/wp-content/uploads/2022/01/US-government-240×161.jpg 240w” sizes=”(max-width: 300px) 100vw, 300px” title=”US government to address the ramifications of cryptocurrencies on Jan 20th -> Tune in here”>The Bitcoin mining sector has piqued the interest of several countries over the last year, and it appears that the United States government is starting to become interested in this market.</p>
<p class=As a result, a hearing has been scheduled in the US to explore the ramifications of the energy consumption incurred by cryptocurrency mining operations. Indeed the Subcommittee on Oversight and Investigations of the Committee on Energy and Commerce will conduct a public hearing on the subject next Thursday, January 20, according to the House Committee.

“The Subcommittee on Oversight and Investigations of the Committee on Energy and Commerce will hold a hybrid hearing that includes both in-person and remote attendance on Thursday, January 20, 2022, at 10:30 a.m.”

See:  Landmark Jury Verdict Finds Digital-Asset Products Linked to Cryptocurrency Mining Are Not Securities

The investigation is titled “Clearing Cryptocurrency: The Energy Implications of Blockchains,” and in particular, the Subcommittee is interested in learning about the energy consumption of blockchains, with the premise that they may create environmental concerns in the future. On the scheduled day, the hybrid hearing will also live stream on YouTube.

Congress’ energy subcommittee to discuss cryptocurrency

Bitcoin has gone through a lot of ups and downs in its short existence of just 13 years; however, one of the most recent efforts to discredit this technology is predicated on the fact that it is energy-intensive.

Proponents of Bitcoin argue those who oppose digital currency have not considered the costs of technology compared to the conventional banking system or the energy required to transport paper money across the globe.

US crypto mining growth

In response to the rapid expansion of US mining businesses after China’s mining prohibition, the local mining industry organized the formation of a Mining Council in 2021, which is overseen by the likes of Michael Saylor and Elon Musk.

See:  Arcane Research: Summary of Crypto 2021

Watch the live stream on January 20th: Cleaning Up Cryptocurrency: The Energy Impacts of Blockchains

Continue to the full article –> here


NCFA Jan 2018 resize - US government to address the ramifications of cryptocurrencies on Jan 20th -> Tune in here” width=”150″ height=”62″ title=”US government to address the ramifications of cryptocurrencies on Jan 20th -> Tune in here”> The <strong>National Crowdfunding & Fintech Association</strong> (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. <a rel=Join Canada’s Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

Related Posts

Source: https://ncfacanada.org/us-government-to-address-the-ramifications-of-cryptocurrencies-on-january-20th/

Time Stamp:

More from National Crowdfunding