FameEX Hot Topics | Formation of Digital Energy Council by Crypto Miners to Advocate in Washington

Crypto miners have come together to establish the Digital Energy Council (DEC) with a mission to shape cryptocurrency regulations and energy-related policies in the United States. The primary objective of DEC is to advocate for regulatory frameworks that support responsible and sustainable energy development, enhance grid resilience, preserve national competitiveness, and ensure security in the context of evolving cryptocurrency regulations and legislation.

The cryptocurrency mining sector is grappling with various challenges, including the Biden administration's proposal for a 30% excise tax on mining activities, which aims to address perceived societal issues. Additionally, Democratic lawmakers have raised concerns about the environmental impact of crypto mining, contributing to the complexities faced by the industry.

Tom Mapes, the founder and president of DEC, underscores the importance of collaboration between the digital asset mining sector and the energy industry. He emphasizes that such collaboration can lead to improved energy infrastructure resilience, sustainability, and efficiency. Drawing on his experience from the U.S. Department of Energy's Office of International Affairs and his involvement in energy policy at the Chamber of Digital Commerce, Mapes stresses the significance of meaningful representation for both sectors in federal discussions and decision-making processes.
Initially, Tom Mapes will be the sole employee of DEC, based in Washington, D.C. The central goal of the organization is to highlight how digital asset mining can contribute positively to the energy objectives of the United States. It's worth noting that DEC is the singular organization exclusively dedicated to addressing the intricate intersection of cryptocurrency mining and energy concerns in the nation's capital.

As the cryptocurrency industry faces increasing scrutiny regarding its energy consumption and environmental impact, the formation of DEC underscores the efforts of miners to exert influence on policymaking. DEC seeks to present a unified and responsible voice, advocating for favorable regulations and collaborative solutions that shape the future trajectory of both the cryptocurrency and energy sectors in the United States.

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