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Chamber of Digital Commerce launches Digital Power Network miners’ coalition

sara by sara
September 19, 2023
in Regulations
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Chamber of Digital Commerce launches Digital Power Network miners’ coalition

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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 workforce 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.”

Rep. Pete Periods’ decision on proof-of-work crypto mining. Supply: govinfo.gov

Alena Ricci, vice current of promoting on the Chamber and head of promoting on the DPN, defined to Cointelegraph that the decision was submitted by Texas congressman Pete Periods in March. “Bitcoin Mining will play a crucial position in rebuilding vitality independence within the USA,” Sessions tweeted on the time.

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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 fee, the DPN mentioned. In line with an announcement:

“The Digital Energy Community spearheads coverage advocacy for digital asset mining and shapes the way forward for vitality coverage. Its mission is to champion Bitcoin and blockchain expertise to revolutionize vitality markets.”

The DPN has its work reduce out for it. A invoice reintroduced into Congress in March, previous to Periods’ decision, would require the Environmental Safety Company to research crypto miners. The Biden Administration included a 30% tax on electrical energy utilized by crypto miners in its FY2024 price range, though that proposal may have been dropped.

The DPN will work alongside the Digital Power Council, a lobbying group founded in August by former Chamber director of vitality coverage Thomas Mapes.

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