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Bitcoin News

Rep. Emmer Slams Biden’s Mining Industry Data Requests

Written By:
Gabriel Mael

Last updated: February 23, 2024 6:22 PM
Published 2024-02-23
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Rep. Emmer Slams Biden's Mining Industry Data Requests

U.S. Representative Tom Emmer recently criticized the Biden administration for collecting data from Bitcoin mining companies. He argued against the Office of Management and Budget’s (OMB) objection to public criticism over the decision, calling it an “emergency” assessment made without properly weighing implications. 

In a statement on X, Emmer said Bitcoin mining is not a public safety issue and the data collection represents “an abuse of power,” framing Bitcoin as a threat. He emphasized the industry’s role in the Bitcoin network and American values of openness and permissionless attributes. 

Bitcoin mining is not a threat to public safety. Period.

The OMB's abuse of its emergency powers to attack Bitcoin miners demands an explanation.

Read my letter to the OMB below.https://t.co/zojJqpRqiK

— Tom Emmer (@GOPMajorityWhip) February 22, 2024

Emmer tied the policy to broader concerns about the administration’s energy priorities, implying crypto is being singled out while ignoring other energy consumption issues. Additionally, he questioned the rationale behind the data collection, arguing the mining process adaptively meets energy needs and that requesting Scope 3 climate data is an overreach.

In another interview with FOX Business, Emmer said companies ignoring the order could face criminal and civil penalties of up to $10,000 per day. The survey period ends in July, requiring monthly data submission at companies’ discretion.

Also Read: Worldcoin Hits New Heights with 40% Jump Amid AI Token Boom

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Bitcoin (BTC)United States
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By Gabriel Mael
Gabriel is a crypto journalist on a mission to decode the future of finance. He breaks down complex concepts, keeping you informed on the hottest trends and innovations in the ever-changing crypto world.

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