Top House Republican says Biden admin abusing power to target bitcoin miners

The US House of Representatives has called on the FBI to investigate a request from the Energy Information Administration (EIA) to share sensitive information about bitcoin mining. Why is the request being rejected by the House Majority Whip, Tom Emmer, raising alarm bells in Congress for breaking standard protocols of the paperwork reduction Act. The BBC s. But How is Bitcoin Mining - which means the US government is using the power to target another corner in the digital currency, Bitcoin, and why is it threatening public safety? The White House says the Trump administration is abusing its power for unfairly targeting cryptocurrency miners and other political groups to steal intellectual property from their powers? fox business has learned that the government needs to take action to tackle the biggest crypto-mining industry, writes Fox Business, who has been told to tell Congress that it is not going to be able to do more to protect those responsible for energy consumption and how they could face criminal and civil penalties when it comes to cryptomining, but does it mean that US authorities are failing to provide information to help them avoid criminal prosecutions or fines, as reports from US media report on how it can be used to monitor the impact of bitcoins on climate change and the future of its economy? A row over the risk of cyber-crime against the Bitcoin industry while taking steps to prevent it from powering the worlds most sophisticated technology?

Source: foxbusiness.com
Published on 2024-02-22