The White House’s science and technology team is seeking public commentary on crypto's impact on energy use and the climate.
In his executive order on crypto issued earlier this month, President Joe Biden tasked the White House’s Office of Science and Technology Policy (OSTP) with preparing a report on the “potential for digital assets to impede or advance efforts to tackle climate change and the transition to a clean and reliable electricity grid,” according to a document published in the Federal Register on Friday.
Crypto and blockchain technology has also been proffered as a potential solution to environmental challenges, including carbon accounting and reducing emissions from gas flaring.
The OSTP’s forthcoming report represents one attempt to get to the bottom of crypto’s environmental impact.
Interested parties have until May 9 to share their thoughts with the White House.
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