Browse By

US Senator Elizabeth Warren attacks bitcoin for impact of a mining company in New York

Senator Elizabeth Warren is targeting New York bitcoin mining company Greenidge Generation, according to Bloomberg.

US Senator Elizabeth Warren attacks bitcoin for impact of a mining company in New York

US Senator Elizabeth Warren attacks bitcoin for impact of a mining company in New York

The senator wrote a letter to Jeff Kirt, CEO of Greenidge, expressing her concerns about the company’s impact on the environment.

Read more:

“Given the extraordinary high energy usage and carbon emissions associated with Bitcoin mining, mining operations at Greenidge and other plants raise concerns about their impacts on the global environment, on local ecosystems, and on consumer electricity costs,” Warren wrote.

In an email sent to Bloomberg, Warren added that “we need to better understand how much energy businesses like Greendidge are using, how much they are emitting to the environment and what impact they are having on electricity prices for American consumers.”

This is not the first time Warren has targeted the bitcoin mining industry because of its negative impact on the environment.

Warren recently appeared on American channel CNBC to discuss the environmental impact of the crypto industry.

“Bitcoin requires so much computing activity that it eats up more energy than entire countries. One of the easiest and least disruptive things we can do to fight the Climate Crisis is to crack down on environmentally wasteful cryptocurrencies.” Warren tweeted at the time.

https://twitter.com/SenWarren/status/1402725005113364486/

Leave a Reply

Your email address will not be published. Required fields are marked *