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No fireworks at House’s Bitcoin mining hearing, but pending climate bills could home in on crypto

In a much-anticipated hearing earlier today, Congress heard testimony on cryptocurrency mining. Despite standing criticisms of environmental impacts and energy usage, the hearing saw remarkably little excoriation of mining. The lawmaker perspective The hearing took place before the House Energy and Commerce Committee’s Oversight Subcommittee. It was actually the subcommittee’s first hearing since September, highlighting the increased profile of crypto as a current focal point for policymakers. With Ethereum expected to transition to proof-of-stake consensus this year, the Bitcoin network …