Miners’ Lobbying Move Shakes Up Cryptocurrency World

• Cryptocurrency mining companies have established a lobby group in Washington.
• The companies aim to dispel misconceptions through lobbying activities.
• The lobby group will focus on the U.S. for now.

Cryptocurrency mining firms have formed a lobby group in Washington to clear up misunderstandings through lobbying activities, with a current focus on the U.S. market.

Cryptocurrency Miners Set Up Lobby Group

In a strategic move, leading mining companies in the cryptocurrency sector have established a lobby group. The aim is to engage in discussions with policymakers regarding the future of the industry.

Digital Energy Council Steps into Action

The Digital Energy Council (DEC) announced its operational status as of August 15. The council’s objective is to back policies that promote the growth of cryptocurrency mining and energy development.

DEC Founder Speaks on the Initiative

Thomas Mapes, the founder and president of DEC, stated that miners in Washington have been late in making their voices heard. Mapes, who previously served as the energy director at the Chamber of Digital Commerce and as the staff chief at the U.S. Department of Energy’s Office of International Relations, began to see mining companies as a crucial part of the energy ecosystem during his tenure at the Department of Energy. He expressed his view of miners as future energy companies, noting that many lawmakers do not yet see the industry in the same light. Mapes added that the association’s membership and lobbying efforts will focus on the U.S. for the time being.

Conclusion

The formation of a lobby group by cryptocurrency mining companies is a significant step towards addressing misconceptions and influencing policies that affect the industry. With a focus on the U.S., the group aims to make a substantial impact on the future of cryptocurrency mining and energy development.