The White House’s Office of Science and Technology Policy is preparing a report on crypto’s compliance with the country’s climate goals.
The White House’s science and technology team awaits public comment on crypto’s impact on energy use and climate.
President Joe Biden, in his crypto-related executive order issued in early March, mandated the White House Office of Science and Technology Policy (OSTP) to produce a report on “the potential of digital assets to hinder or advance efforts to combat climate change and transition.”
The energy use of cryptos with proof-of-work algorithm has become a hot topic for regulators around the world.
Industry advocates countered these concerns, claiming that the data used for crypto energy usage forecasts is unreliable.
OSTP’s upcoming report will take a detailed look at the environmental impact of crypto.
Interested parties have until May 9 to share their thoughts with the White House.
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