Federal Energy Agencies’ Unwillingness to Act on White House’s Crypto Mining Recommendations Miffs US Lawmaker – Regulation Bitcoin News

Jared Huffman, a U.S. lawmaker who advocates increased oversight of crypto mining entities, reportedly sanctioned U.S. energy agencies that he accused of not following through on his word. calls by the White House for them to conduct a “reliability assessment of current and anticipated crypto assets in terms of the reliability and adequacy of the electrical system. However, a commissioner at the Federal Energy Regulatory Commission, Allison Clements, asserted that cryptocurrency mining should not be separated from studies of the power grid.

Agencies consider White House recommendations

Jared Huffman, a member of the US House of Representatives, reportedly questioned a number of US federal agencies that are unwilling or reluctant to provide their responses to recommendations contained in a White House report published by the US House of Representatives. recently published on cryptocurrency mining.

According to Huffman, a representative of California and a member of the Democratic Party, the silence of the Federal agencies most likely means “this problem [environmental damage allegedly caused by crypto mining] is likely to get worse. “

As stated in Bloomberg Law reportU.S. energy and environment officials have not announced plans to pursue viable efficiency standards or conduct the energy-use studies required by the White House report. For example, Costa Samaras, chief energy assistant for the Office of Science and Technology Policy, cited in the report acknowledged that the agencies have yet to respond.

“Each agency is reviewing the recommendations and will publish commitments as part of their own process and timeline,” Samaras said.

On the other hand, Samaras’ partners at the Federal Energy Regulatory Commission (FERC) and the North American Electrical Reliability Commission (NAERC) assert that they already have safeguards in place should a shortage occur. grid, so there is no specific reliability assessment plan for cryptocurrencies.

Cryptocurrency mining should not be separate from grid studies

In it reportThe White House said both FERC and NAERC along with institutions in the region “should conduct a reliability assessment of current and projected crypto asset mining operations regarding reliability and adequacy.” of the electrical system. “

The White House report also calls on agencies responsible for energy information collection “to consider the collection and analysis of information from crypto asset miners and electric utilities in a manner that protects privacy to make evidence-based decisions about the energy and climate impacts of crypto assets.”

Not impressed with the agencies’ justifications, Huffman, who has campaigned for closer oversight of cryptocurrency mining facilities, warned that he will be forced to act if nothing is done. presently. He say:

If I don’t get a response from them in the next few weeks, I’ll definitely pick up the phone and find out what’s going on.

Meanwhile, Huffman’s fellow Democrat and a commissioner at the FERC, Allison Clements, was quoted in the Bloomberg Law report as emphasizing that cryptocurrency mining should not be separated from studies of the power grid.

“It is not clear to me that individual reliability assessments related to cryptocurrency mining, which take place in many places, should be separated from the overall reliability planning of any given node,” Clements said. any particular, any service territory, any region, any connection”.

The FERC commissioner added that while crypto mining is something in the agency’s sights, she doesn’t have “anything to report, regarding anything that’s coming.”

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Terence Zimwara

Terence Zimwara is an award-winning Zimbabwean journalist, author and writer. He has written extensively about the economic troubles of several African countries as well as how digital currencies can provide Africans with an outlet.

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