Crypto Miners Establishes Digital Energy Council To Lobby in Washington

Crypto miners are forming a new entity, the Digital Energy Council (DEC), aimed at influencing U.S. policy concerning cryptocurrency regulation and energy use.

Co-operation between digital asset mining and the energy sector is very important

Crypto miners are forming a new entity, the Digital Energy Council (DEC), aimed at influencing U.S. policy concerning cryptocurrency regulation and energy use.
According to a statement released on Tuesday, the DEC intends to advocate for beneficial policies that encourage responsible and sustainable energy development, strengthen grid resilience, maintain U.S. competitiveness, and ensure national security as regulators and Congress consider regulations relating to cryptocurrencies.

The Biden administration's proposal for a harsh 30% excise tax on mining activities, citing societal harms, and criticism from Democratic lawmakers for their environmental impact are just two of the difficulties that cryptocurrency miners are currently facing.

The founder and president of DEC, Tom Mapes, emphasized the importance of cooperation between the mining of digital assets and the energy sectors to improve the resilience, sustainability, and effectiveness of the energy infrastructure. Mapes emphasized the value of giving both sectors a true voice in federal meetings, citing his experience in the U.S. Department of Energy's Office of International Affairs. Mapes previously worked on energy policy at the Chamber of Digital Commerce.

Mapes will serve as DEC's single employee at first, working from Washington, D.C. The organization's main mission is to highlight how mining for digital assets may help the United States achieve its energy goals. The DEC is positioned as the only organization in Washington, D.C., solely focused on solving the intersection of abundant mining and energy.