Regulation
US Abused Power in Bid to Get Crypto Energy Data, Groups Say
- Industry groups call White House report politically motivated
- Energy Department found miners used 2.3% of US power in 2023
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The US Energy Department’s new mandatory survey to collect data from Bitcoin miners is “an abuse of authority” by the Biden administration vying to limit the industry, two groups allege.
The claim comes after the Energy Information Administration, the statistical arm of the federal agency, reported last week that cryptocurrency mining represented as much as 2.3% of the country’s entire electricity use in 2023, citing publicly available data. From February to July, the EIA will collect monthly data on cryptocurrency energy use after it was granted emergency clearance to do so.