Crypto Mining Hearings

Crypto Mining Hearing: What Politicians Have Planned!!

By Guy

Hey Guys,

There’s been a lot of crypto FUD in the news these days, and I normally don’t pay too much attention to it, but a headline in mid-January caught my eye…

That was the announcement that US politicians would be holding a hearing about proof of work crypto mining.

The energy use of proof of work cryptocurrencies has been a hot topic since the first BTC was mined in 2009. The recent energy shortages we’ve seen around the world have brought that issue to the fore, and we’ve already seen a few countries shut down crypto mining as a result.

I actually mentioned this hearing in one of my weekly crypto reviews, and I said that if they didn’t have any witnesses from the crypto community then it would be clear that politicians aren’t looking to have an honest conversation about what is ultimately a non-issue.

Luckily, they did bring on some witnesses, and it seems that they picked them on the assumption that they would provide balanced viewpoints on the issue. As it so happens, almost all of them were pro-crypto mining, as were most of the politicians.

Even so, the stuff that was said is somewhat concerning, and this is going to be one of many hearings they’re going to have in the future about the issue.

You’d buckle up, because this hearing was one hell of a wild ride!

~~~~~

⛓️ πŸ”— Useful Links πŸ”— ⛓️

β–Ί Bitcoin Energy Use: https://ccaf.io/cbeci/index
β–Ί Bitcoin Hash Rate: https://www.blockchain.com/charts/has…
β–Ί The Cause of the Energy Crisis: https://www.wsj.com/articles/energy-c…
β–Ί Crypto Mining Hearing: https://energycommerce.house.gov/comm…
β–Ί Bitcoin Mining Renewable Energy Use: https://cointelegraph.com/news/bitcoi…

~~~~~

πŸ“œ Disclaimer πŸ“œ

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.

Related videos

Crypto News- Bitcoin Rally, Bank Failures, ETH Update & More!
Crypto News: Bitcoin Rally, Bank Failures, ETH Update & More!
Crypto News- Bitcoin Rally, Bank Failures, ETH Update & More!

Crypto News: Bitcoin Rally, Bank Failures, ETH Update & More!

March 20, 2023 2 min read
The man behind the crypto crackdown
The Man Behind The Crypto Crackdown!! What’s Coming?!
The man behind the crypto crackdown

The Man Behind The Crypto Crackdown!! What’s Coming?!

March 19, 2023 2 min read
Smart Cities- How The Elites Plan To Control Us!!
Smart Cities: How The Elites Plan To Control Us!!
Smart Cities- How The Elites Plan To Control Us!!

Smart Cities: How The Elites Plan To Control Us!!

March 18, 2023 2 min read
Will He Or Won't He?! Powell Testimony Has The Answers!
Will He Or Won’t He?! Powell Testimony Has The Answers!
Will He Or Won't He?! Powell Testimony Has The Answers!

Will He Or Won’t He?! Powell Testimony Has The Answers!

March 16, 2023 2 min read
The Banks Are FAILING!! SVB Collapse & Everything It Means!!
The Banks Are FAILING!! SVB Collapse & Everything It Means!!
The Banks Are FAILING!! SVB Collapse & Everything It Means!!

The Banks Are FAILING!! SVB Collapse & Everything It Means!!

March 14, 2023 2 min read
Crypto News- SVB Collapse, USDC, ETH, SEC, Fed & MORE!
Crypto News: SVB Collapse, USDC, ETH, SEC, Fed & MORE!
Crypto News- SVB Collapse, USDC, ETH, SEC, Fed & MORE!

Crypto News: SVB Collapse, USDC, ETH, SEC, Fed & MORE!

March 13, 2023 2 min read
CBDCs Almost HERE! Why This Really Worries Me!
CBDCs Almost HERE! Why This Really Worries Me!
CBDCs Almost HERE! Why This Really Worries Me!

CBDCs Almost HERE! Why This Really Worries Me!

March 12, 2023 2 min read