Lawmakers Look Into Bitcoin Mining Companies’ Energy Use – Cheddar news

Democratic lawmakers are now calling on Bitcoin mining companies in the U.S. to assess how much electricity they use and how it could all potentially impact residents and the environment in the near future.

Cheddar News invites Wendy O to discuss Democratic lawmakers’ recent call on Bitcoin mining companies in the U.S. to assess how much electricity they use and how it could all potentially impact residents and the environment in the near future.

Above all, Wendy explains that it’s important to distill these broad questions to isolate what we’re really talking about–essentially, is this a Bitcoin problem, or an energy generation problem?

When it comes to the environment, Wendy says we do need to think seriously about how these new technologies will impact the world, but also recognize that Bitcoin makes up a small slice of the bigger carbon pie.

As a TikTok-native crypto educator, Wendy feels there needs to be a lot more education about what crypto is and the solutions it can potentially provide, especially before establishing rules that might limit Americans’ ability to invest in these world-changing technologies.

Watch the Video here…