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’ largest miners on board.
The DPN is the primary affiliate of the Chamber, and shares most of the similar group 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.”
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 power independence within the USA,” Periods tweeted on the time.
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 stated. In keeping with a press release:
“The Digital Energy Community spearheads coverage advocacy for digital asset mining and shapes the way forward for power coverage. Its mission is to champion Bitcoin and blockchain expertise to revolutionize power markets.”
The DPN has its work minimize 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 funds, though that proposal could have been dropped.
Immediately, we’re thrilled to announce the launch of @digitalpowerUS, a visionary consortium that is set to revolutionize the power panorama! Representing over 50% of U.S. #Bitcoin Hash Price, this initiative is a game-changer for the way forward for power coverage. pic.twitter.com/8wtpRy1dyD
— Perianne (@PerianneDC) September 19, 2023
The DPN will work alongside the Digital Vitality Council, a lobbying group based in August by former Chamber director of power coverage Thomas Mapes.