U.S. Lawmakers Propose Environmental Transparency in Crypto Assets Act to Crack Down on Energy-Intensive Crypto Mining

U.S. Senator MARKEY and others have proposed an Encrypted Assets Environmental Transparency Act aimed at cracking down on energy-intensive cryptocurrency mining. The bill requires the Environmental Protection Agency (EPA) to conduct a comprehensive study of the impact of crypto mining operations in the United States and requires reporting of greenhouse gas (GHG) emissions from crypto mining operations that consume more than 5 megawatts of electricity.