Lobby group to dispel crypto mining misconceptions in DC, says founder

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America crypto mining trade is getting a brand new lobbying group, with one among its largest objectives to dispel misconceptions about its sustainability from policymakers. 

Launched on Aug. 15, the Digital Power Council stated its intention is to advance insurance policies that encourage the expansion of digital asset mining and vitality improvement.

DEC founder and president Thomas Mapes advised Cointelegraph it was “lengthy overdue” for digital asset miners to have a unified voice in Washington D.C.

Mapes beforehand served because the director of vitality on the Chamber of Digital Commerce. Previous to that, he was chief of workers on the U.S. Division of Power’s Workplace of Worldwide Affairs.

Mapes stated it was throughout his time on the Power Division that he started to see crypto mining companies as a necessary a part of the vitality ecosystem — offering vitality to the grid throughout occasions of demand or buying extra vitality that will in any other case go unused — amongst different advantages.

“I see them as vitality firms sooner or later,” he stated, including:

“I see vitality firms, utility firms, energy suppliers — the large majors — all looking at this new expertise and determining methods they will become involved on this.”

Nevertheless, Mapes expressed that many lawmakers have but to see the trade in the identical mild. “Throughout the previous 12 months or so, you have got items of laws dropping in opposition to the trade,” he stated.

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In March, the chair of the Senate Setting and Public Works Submittee introduced the reintroduction of laws accusing crypto miners of “sucking megawatt after megawatt from our public grids” and emitting enormous quantities of greenhouse gasses, “simply to allow them to make a buck for themselves.”

Mapes cited Biden’s proposed 30% digital asset mining excise tax and the White Home’s crypto mining environmental affect report as different examples.

Mapes confirmed the affiliation has a number of founding members which embody crypto mining and vitality companies — a few of that are publicly listed firms.

The affiliation’s membership and its lobbying efforts can be solely centered on the U.S. for now, he added.

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