White House’s eye on Cardano can take ADA in this direction
According to a new White House energy report, Cardano is the one of the largest proof of stake blockchains in the world in terms of electricity consumption and market valuation.
This report issued by the White House aims to understand the cryptocurrency space’s impact on climate change. It also looked at whether there are any reforms that the government would need to implement to improve the cryptocurrency market’s impact on the environment.
On one of the pages of the report, the White House ranked all the cryptocurrencies by market valuation and energy consumption. Cardano was ranked number 3 overall, with the same claiming the #1 spot on the Proof of Stake front.
Source: White House
The aforementioned revelation fueled Cardano’s supporters and community members. As expected, Cardano soon garnered a lot of support on Twitter, with many stating that this is a bullish sign for $ADA.
For instance, Dan Gambardello, Founder of Crypto Capital Venture, tweeted –
<p lang=«en» dir=«ltr» xml:lang=«en»>Here is the White House energy report showcasing #Cardano as the largest proof of stake blockchain in the world. Probably something. Read more on ambcrypto.com
![The real reason why Lido Finance’s [LDO] run is really not worth ignoring](https://fvbb.com/storage/thumbs_400/img/2022/10/3/42890_7bs.jpg)
