New Crypto Lobbyist Group Emerges in Washington, Seeks to Allay Misconceptions in the Sector
Cryptocurrency miners are getting a dedicated mining lobbyist group tasked with dispelling fears around the activity among citizens and policymakers.
The group, the Digital Energy Council was unveiled on Aug 15 and will now open up discussions with policymakers in Washington on the sustainability of crypto mining whilst advancing key policies to spark growth in the sector.
Being hailed along community lines as the major collaborative effort, the team stressed commitment to fostering the cause of miners while protecting energy laws in the country.
“…that promote responsible and sustainable energy development, grid resilience, maintain United States competitiveness, and protect national security,” the statement read.
Although miners have issues with regulators globally, Thomas Mapes, the founder and President of the group noted that it would be based in the United States for now before a possible expansion overseas.
He further added that this move was “long overdue” to change the narrative from the pieces of anti-industry legislation against the sector in recent years.
Mapes was a former Energy Director at the Chamber of Digital Commerce and the Chief of Staff at the U.S. Department of Energy’s Office of International Affairs where he saw virtual assets mining companies as part of the energy industry noting their utilities and described them as “energy companies of the future.”
“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.”
A major setback crypto miners faced this year was the proposed 30% digital asset mining tax by the Biden Administration based on crypto environmental reports.
Before the White House
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