Crypto executives have accused U.S. politicians of making 'misleading' and 'provably false' statements about Bitcoin 😬
Major crypto executives have written to the U.S. Environmental Protection Agency to dispel myths surrounding Bitcoin mining.
The 11-page letter written by crypto industry heavyweights aims to dispel "misperceptions" about how BTC mining works — and highlights some of the problematic statements the politicians made. "There are no pollutants, including CO2, released by digital asset mining. Bitcoin miners have no emissions whatsoever … Digital asset miners simply buy electricity that is made available to them on the open market, just the same as any industrial buyer."The letter also rejects claims that a single Bitcoin transaction could power the average U.S. household for a month — describing this as "patently and provably false.
While politicians in Congress described PoS as a "less energy-intensive cryptocurrency mining technology," the crypto executives corrected them — and said this was "misleading." They added:
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