Crypto Mining Companies Establish Powerful Lobby Group in the US

• A lobbying group for the US crypto mining industry, named the Digital Energy Council, has been established.
• The group’s primary focus will be on digital asset mining and energy policies at a federal level.
• One of the council’s main objectives is to change the perception that miners are constantly consuming energy and depriving US households of their energy rights.

The newly formed Digital Energy Council, a lobbying group for the US crypto mining industry, aims to address misconceptions about cryptocurrency mining and work on digital asset mining and energy policies at a federal level.

Introduction of the Digital Energy Council

The United States crypto mining industry has recently formed a lobbying group known as the Digital Energy Council. The group’s announcement was made via their Twitter account. Their primary focus will be on addressing misconceptions about cryptocurrency mining and working on digital asset mining and energy policies at a federal level. Initially, the group will concentrate on issues within the US.

Addressing Misconceptions and Changing Perceptions

One of the main objectives of the Digital Energy Council is to change the perception that miners are constantly consuming energy and depriving US households of their energy rights. The council plans to have regular discussions with politicians in Washington to prevent any future misunderstandings or misconceptions about the crypto mining industry.

Response to Proposed Legislation

Earlier this year, US President Joe Biden proposed a bill that would gradually increase the tax on crypto miners to 30%. This proposal sparked controversy and was eventually removed from the bill, allowing miners to breathe a sigh of relief. The formation of the Digital Energy Council is seen as a proactive measure to prevent such incidents from happening in the future.

Conclusion

In conclusion, the establishment of the Digital Energy Council is a significant step for the US crypto mining industry. By addressing misconceptions and working on digital asset mining and energy policies, the council aims to create a more understanding and supportive environment for crypto miners. The group’s proactive approach in engaging with politicians could also help prevent future legislative challenges for the industry.