FameEX Hot Topics | Crypto Miners Create Digital Energy Council for Advocacy in Washington

A coalition of crypto miners has come together to establish the Digital Energy Council (DEC), a new entity aiming to play a pivotal role in shaping both U.S. cryptocurrency regulation and energy-related policies. The overarching objective of the DEC is to advocate for a regulatory environment that fosters responsible and sustainable energy development, strengthens grid resilience, safeguards national competitiveness, and upholds security considerations as regulators and Congress deliberate on cryptocurrency regulations.

The crypto mining sector currently faces several pressing challenges. One such challenge is the Biden administration's proposal for a stringent 30% excise tax on mining activities, which is rooted in concerns about societal impacts. Furthermore, Democratic lawmakers have been critical of the environmental consequences linked to crypto mining activities, contributing to the complex landscape in which the industry operates.

Tom Mapes, the initiator and president of DEC, underscores the imperative of fostering collaboration between the digital asset mining and energy sectors. He emphasizes the potential for such cooperation to enhance the resilience, sustainability, and efficiency of the energy infrastructure. Drawing on his expertise gained during his tenure at the U.S. Department of Energy's Office of International Affairs and his active involvement in energy policy at the Chamber of Digital Commerce, Mapes highlights the crucial need for meaningful representation of both sectors in federal discussions.

In its initial phase, DEC will be led solely by Tom Mapes, operating out of Washington, D.C. The central mission of the organization is to underline the ways in which digital asset mining can actively contribute to the energy objectives of the United States. Importantly, DEC occupies a unique position as the singular organization exclusively focused on addressing the complex confluence of prolific mining and energy matters within Washington, D.C.
As the cryptocurrency industry faces increased scrutiny over energy consumption and environmental repercussions, the formation of DEC signifies the collective endeavors of miners to wield influence in the policymaking arena. DEC seeks to amplify a unified and conscientious voice, advocating for regulatory frameworks that align with responsible energy usage and collaborative problem-solving. With this proactive approach, DEC aspires to actively shape the future trajectory of both the cryptocurrency and energy sectors within the United States.

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