Cryptocurrency miners have a brand new voice in Washington with the launch of the Digital Energy Community (DPN), a brand new coalition affiliated with the Chamber of Digital Commerce. The community is off to a promising begin, with most of the United States’ greatest miners on board.
The DPN is the primary affiliate of the Chamber, and shares most of the identical crew members. Its origins stretch again to the Chamber’s Mining Initiative, which “pioneering the introduction of the primary pro-proof-of-work decision within the U.S. Home of Representatives.”
Alena Ricci, vice current of selling on the Chamber and head of selling on the DPN, defined to Cointelegraph that the decision was submitted by Texas congressman Pete Classes in March. “Bitcoin Mining will play a essential position in rebuilding power independence within the USA,” Sessions tweeted on the time.
The DPN is debuting with 11 members – Argo, BitDigital, BitFarms, Coinmint, Cipher Mining, DigitHost, Hive, Marathon, Riot, Sustainable Bitcoin Protocol and Terawulf. Collectively they characterize over 50% of the U.S. Bitcoin (BTC) hash price, the DPN mentioned. In accordance with an announcement:
“The Digital Energy Community spearheads coverage advocacy for digital asset mining and shapes the way forward for power coverage. Its mission is to champion Bitcoin and blockchain expertise to revolutionize power markets.”
The DPN has its work minimize out for it. A invoice reintroduced into Congress in March, previous to Classes’ decision, would require the Environmental Safety Company to analyze crypto miners. The Biden Administration included a 30% tax on electrical energy utilized by crypto miners in its FY2024 finances, though that proposal may have been dropped.
At this time, we’re thrilled to announce the launch of @digitalpowerUS, a visionary consortium that is set to revolutionize the power panorama! Representing over 50% of U.S. #Bitcoin Hash Fee, this initiative is a game-changer for the way forward for power coverage. pic.twitter.com/8wtpRy1dyD
— Perianne (@PerianneDC) September 19, 2023
The DPN will work alongside the Digital Power Council, a lobbying group founded in August by former Chamber director of power coverage Thomas Mapes.