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Top House Republican says Biden admin abusing power to target bitcoin miners

Retrieved on: 2024-02-22 18:35:09

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Top House Republican says Biden admin abusing power to target bitcoin miners. View article details on hiswai:

Summary

The article discusses U.S. House Majority Whip Tom Emmer's concerns over the Biden administration's request for energy consumption data from bitcoin miners. It highlights the tension between cryptocurrency industry growth, environmental impacts, and regulatory oversight by agencies like the SEC, led by Gary Gensler, against backdrops such as the economics of bitcoin and its legal status across different territories.

Article found on: www.foxbusiness.com

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