The Texas Blockchain Council (TBC) and Riot Platforms have filed a lawsuit against the Energy Information Administration (EIA) of the United States Department of Energy. The move is a reaction by the plaintiffs to what they claim is a provocative request for information concerning energy consumption coming from cryptocurrency mining operations.
The legal filing, presented to the United States District Court for the Western District of Texas on February 22, 2024, highlights a particular point in the continued conversation between the crypto industry and network regulators.
Crypto Mining Stance Against Data Collection
The core of the conflict is with the EIA’s mission as it necessitates that crypto-mining companies provide monthly reports on their electricity consumption. The mining entities were threatened with non-compliance fines and penalties by February 23, 2024. The TBC and Riot Platforms have put forward that this directive not only violates their operational confidentiality but
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