This is the third angle of attack we've seen in the last five days. The first two were from the Federal Reserve and from the national security apparatus. Links after the jump.
From Bloomberg, September 8:
Asks federal agencies to work with states on setting standards
Says White House or Congress may eventually need to step inThe White House says the environmental impact of producing cryptocurrencies like Bitcoin could impede US efforts to combat climate change.
The conclusion thrusts the Biden administration into the center of an already raging debate over the carbon footprint of digital assets. Critics have been ringing alarm bells for months over the amount of electricity used in crypto mining operations.
While the White House Office of Science and Technology Policy stopped short of prescribing specific regulations, the report it released on Thursday said the US must take action to mitigate pollution tied to crypto production. The federal government should collect more data on power usage and work with states and the crypto industry to set standards, the office said.
“Depending on the energy intensity of the technology used, crypto assets could hinder broader efforts to achieve net-zero carbon pollution consistent with U.S. climate commitments and goals,” the White House office said. Crypto operations in the US now use about as much energy as home computers do, according the report....
....MUCH MORE
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"Islamic State Turns to NFTs to Spread Terror Message"
