Cryptocurrency miners are forming a new group called Digital Energy Council in the United States with the primary objective to engage with legislators and regulators, ensuring that cryptocurrency regulations are favorable to their interests.
On August 15th, the Digital Energy Council was inaugurated with the primary objective of dispelling misconceptions about the industry’s sustainability, particularly among policymakers in the cryptocurrency market.
According to Tom Mapes, founder and president of Digital Energy Council, the need for a unified representation for digital asset miners in Washington DC has been “long overdue.
As outlined in the statement, the member group’s focus will revolve around championing policies that advance “responsible and sustainable energy development, grid resilience, maintain United States competitiveness, and protect national security.”
Discussing the forthcoming groundbreaking phase in regulation, Mapes offered insight into his perspective, expressing, “I see energy companies, utility companies, power providers — the big majors — all taking a look at this new technology and figuring out ways they can get involved in this.”
Before his role as the director of energy at the Chamber of Digital Commerce, Mapes had also served at the Energy Department. It was during this time that he acquired an insightful perspective, recognizing crypto mining firms as vital players within the energy ecosystem, while also acknowledging their numerous benefits.
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