Biden Redoubles Effort to Crush Crypto With EIA’s Mining Survey 

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The Biden administration has launched yet another attack against the cryptocurrency industry–an environmental impact “survey” to bolster a politically motivated attack on the crypto mining industry.  

Specifically, the US Energy Information Administration (EIA  — a statistical agency within the US Department of Energy, responsible for collecting, analyzing, and disseminating energy information — sought what it deemed to be an “emergency survey” of the cryptocurrency mining industry’s energy consumption. While the EIA’s initial justification for the survey was debunked and the emergency data collection process halted due to a lawsuit, the agency is moving forward with plans for a slower, more deliberate survey of the industry. The survey’s process, however, is still biased in that it is focused only on the costs of crypto mining, out of context of any benefits the sector provides or the costs imposed by other sectors’ electricity use. Thus, it is another weapon in the anti-crypto arsenal of the Biden administration. 

Read the full article at the American Institute for Economic Research.