Bloomberg Law
April 22, 2022, 4:28 PM

EPA Inaction on Cryptocurrency Emissions Draws Lawmaker Scrutiny

Stephen Lee
Stephen Lee

A coalition of House Democrats is pressing the EPA to crack down on greenhouse gases from the cryptocurrency sector, one of the nation’s fastest-growing emissions sources.

The call to action focuses on cryptocurrency miners that are trying to re-open closed fossil fuel plants to power their operations.

Beyond that relatively small slice of the industry, the letter spotlights a tension for the Biden administration: It wants to cut greenhouse gases in half by 2030, but the Environmental Protection Agency broadly doesn’t regulate energy usage by specific consumers or industries.

At the same time, the White House supports the digital currency ...