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Congress announces hearing on crypto’s energy use and environmental impact

Congress is officially looking into the environmental impact of blockchain, especially proof-of-work networks like Bitcoin.  On January 13, the House Energy and Commerce Oversight Subcommittee publicized a hearing entitled “Cleaning up cryptocurrency: The energy impact of blockchains” for January 20, confirming The Block’s reporting from last week.  No witness list is yet available, and staffers for the subcommittee did not respond to The Block’s request for further details. The hearing follows on growing concern over the rise of the crypto …

Congress is preparing an oversight hearing on Bitcoin mining’s environmental impact: sources

A Congressional subcommittee is preparing a hearing to examine the environmental impact of cryptocurrencies, especially bitcoin mining, three sources with knowledge of the matter have told The Block. The Oversight and Investigations subcommittee of the House Energy and Commerce Committee is apparently working on a roster of witnesses to account for the energy use of proof-of-work crypto validation, especially the Bitcoin network.  The timing and the witness list have yet to be determined, but the hearing could take place as …