Texas Blockchain Council challenges US DoE
The Texas Blockchain Council (TBC), a non-profit industry association, has filed legal action against the Energy Information Administration (EIA) over cryptocurrency mining data collection.
The EIA, which is part of the US Department of Energy, is conducting a mandatory survey to evaluate electricity consumption by cryptocurrency mining activity in the United States.
TBC claims the survey is part of a broader pattern of regulatory overreach that threatens innovation and economic growth.
The TBC is taking action in conjunction with Riot Platforms, a member of their association. Lee Bratcher, TBC president, criticized the EIA’s actions as an alarming precedent of government intrusion into private industry operations without just cause or proper process.
The survey is not about grid stability, as bitcoin miners are the most flexible load on any grid, but rather about a targeted political effort led by figures like Elizabeth Warren.
(With inputs from Shikha Singh)
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