Jared Hoffman, a US lawmaker who advocates for increased scrutiny of crypto-mining entities, reportedly criticized US energy agencies for accusing them of failing to act on the White House’s call for them to conduct “reliability assessments of existing and projected crypto-mining operations on the reliability and adequacy of the electricity system.” However, Federal Energy Regulatory Commission Commissioner Alison Clements insisted that cryptocurrency mining should not be excluded from network studies.
Agencies that review White House recommendations
Jared Hoffman, a member of the US House of Representatives, has reportedly questioned the unwillingness or reluctance of some US federal agencies to give their response to the recommendations in a recent White House report on cryptocurrency mining.
According to Hoffman, a California representative and a member of the Democratic Party, the silence of federal agencies can mean “this problem [environmental damage allegedly caused by crypto mining] It’s likely to get worse.”
As stated in Bloomberg Law ReportU.S. energy and environmental officials have not announced plans to pursue potential efficiency standards or to conduct studies on energy use as called for in the White House report. For example, Costa Samaras, the principal assistant director for energy at the Office of Science and Technology Policy, was quoted in the report as acknowledging that the agencies have yet to issue a response.
“Each agency is reviewing the recommendations, and will announce commitments as part of their process and timeline,” Samaras reportedly said.
On the other hand, Samaras counterparts at the Federal Energy Regulatory Commission (FERC) and the North American Electricity Reliability Commission (NAERC) insist that they already have guarantees in the event of a network shortage, and therefore there is no plan to conduct a reliability assessment specifically for cryptocurrency.
Cryptocurrency mining should not be an isolated network study
in that ReportTitled “Climate and Energy Impacts of Crypto Assets in the United States,” the White House said that both FERC and NAERC, along with regional entities, “should conduct reliability assessments of current and projected crypto-asset mining operations on the reliability and adequacy of the electricity system.”
The White House report also called on agencies responsible for collecting energy information to “consider collecting and analyzing information from crypto-asset miners and electric utilities in a confidential manner to enable evidence-based decisions about the energy and climate implications of crypto assets.”
Unfazed by the agencies’ rationale, Hoffman, who has campaigned for more scrutiny of crypto-mining facilities, warned that he would have to take action if nothing was done. He said:
If I don’t hear any news from them in the next few weeks, I will definitely pick up the phone and see what happens.
Meanwhile, Bloomberg Law’s report cited Hoffman’s fellow Democrat and FERC commissioner Alison Clements, who insisted that cryptocurrency mining should not be excluded from network studies.
Reportedly, Clements said, “It is not clear to me that the individual reliability assessment related to cryptocurrency mining, which is happening in some places, should be separated from the overall reliability planning for any given node, any service area, any area, or any connection “.
The FERC commissioner added that while cryptocurrency mining is something that is on the agency’s radar, it doesn’t have “anything to report, regarding anything coming soon.”
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