• About
  • FAQ
  • Landing Page
  • Buy JNews
Newsletter
cryptodailygists
Advertisement
  • Home
  • Bitcoin
  • Ethereum
  • Dogecoin
  • Blockchain
  • Market Analysis
  • Regulation
  • Business
  • Contact Us
No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Dogecoin
  • Blockchain
  • Market Analysis
  • Regulation
  • Business
  • Contact Us
No Result
View All Result
cryptodailygists
No Result
View All Result
Home Market Analysis

US Congressman Says Bitcoin Mining Will Play A Vital Role In The USA

admin by admin
March 23, 2022
in Market Analysis
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

Related articles

1 Feb 2023 Is The Expected Date For The Cardano Djed Stablecoin Launch

Finally Djed Stablecoin Live On Cardano Mainnet

January 31, 2023
Licensing Rules In The Philippines

Licensing Rules In The Philippines

January 31, 2023

Last updated Mar 23, 2022

The United States Government officials believed the Bitcoin mining industry may play an important role for the nation to move toward independence in recreation of energy.

In the present time, Bitcoin is standing at that level, where Bitcoin mining is not easy with small computable power as well as not easy to be lucky to get a reward from the Bitcoin network to solve the transactions calculations but mining at a big level is giving some better opportunities to those countries, which have an abundant amount of power/energies. In particular, El Salvador is working to use its volcano-based thermal power plant ecosystem for Bitcoin mining. Kazakhstan also took the opportunity of China’s crypto ban and welcomed the crypto mining companies to operate their crypto mining operations in the nation under friendly laws. 

On 21 March, Pete Sessions, a US politician, passed his pleasant words in favour of the Bitcoin and Bitcoin mining operations in US. 

This 67-year-old Republican said that the Bitcoin mining operator will play a critical role to provide a situation for the USA to rebuild energy. 

#Bitcoin Mining will play a critical role in rebuilding energy independence in the USA

— Pete Sessions (@PeteSessions) March 21, 2022

Many Twitter users, from the Bitcoin community, responded to this tweet of US congressman and claimed that Bitcoin mining is better but you are 10 years late, while few users raised their voice against the lawsuit which is going on between US regulators & Ripple firm.

You are 10 years too late. The future will be built in XRP and XLM, on highly efficient and sustainable green networks. Proof of work doesn’t work, and never has.

— XRPspider (@XRPspider) March 22, 2022

This pleasant tweet from Pete is getting support from crypto-friendly US senator Cynthia Lummis from Wyoming. Cynthia retweeted this tweet of Pete.

Cynthia Lummis holding Bitcoin since 2013. She purchased 5 Bitcoins at a $300 price in 2013. Now since the last few years, she is supporting bitcoin among government agencies, and also she is working to bring a bill to provide better clarity on the rules and regulations of the US on crypto companies. 

Last year, Cynthia suggested people to have Bitcoin in the pension funds. She also contributed to the controversial $1 trillion US infrastructure bill, where the definition of crypto broker was not in favour of the crypto future.

Read also: Stronghold Digital Mining using wastes of coal plants in Bitcoin mining

Share76Tweet47

Related Posts

1 Feb 2023 Is The Expected Date For The Cardano Djed Stablecoin Launch

Finally Djed Stablecoin Live On Cardano Mainnet

by admin
January 31, 2023
0

The overcollateralized stablecoin from the Cardano team has been launched on the Cardano mainnet.Djed is an algorithmic concept based stablecoin,...

Licensing Rules In The Philippines

Licensing Rules In The Philippines

by admin
January 31, 2023
0

Last updated Jan 31, 2023 If you are looking for a good destination for your crypto investments, the Philippines can...

Addressable Raises $7.5M To Enable Web3 Companies To Acquire Users At Scale

Addressable Raises $7.5M To Enable Web3 Companies To Acquire Users At Scale

by admin
January 31, 2023
0

Tel Aviv, Israel, 31st January, 2023, ChainwireAddressable, an innovative end-to-end solution for Web3 marketing, announced today that it secured $7.5...

Bitcoin Network Can Reduce Spam From Twitter: Micheal Saylor

Elon Musk Plans Crypto Payment On Twitter But In Future: Report

by admin
January 31, 2023
0

Last updated Jan 31, 2023 Tesla’s CEO wants to remain ready to adopt Cryptocurrencies & blockchain technology-based payment services on...

Venom Ventures Fund Commits A $5 Million Strategic Investment In The Everscale Blockchain

Venom Ventures Fund Commits A $5 Million Strategic Investment In The Everscale Blockchain

by admin
January 31, 2023
0

Abu Dhabi, Abu Dhabi, 31st January, 2023, ChainwireVenom Ventures Fund, a Web3 and blockchain innovation fund managed by Abu Dhabi-based...

Load More
Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Pro-Crypto Senator Ted Cruz Push For Crypto Payment in Capitol Hill

Bad News for Bitcoin Holders as Crypto Mogul Arthur Hayes Predicts Further Crash I Tokenhell

January 31, 2023
1 Feb 2023 Is The Expected Date For The Cardano Djed Stablecoin Launch

Finally Djed Stablecoin Live On Cardano Mainnet

January 31, 2023
Licensing Rules In The Philippines

Licensing Rules In The Philippines

January 31, 2023
FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings – Bitcoin News

FTX Debtors Seek Dismissal of Turkish Entities in Chapter 11 Bankruptcy Proceedings – Bitcoin News

January 31, 2023
cryptodailygists

© 2022 All Rights Reserved Cryptodailygists

Navigate Site

  • Home
  • Bitcoin
  • Ethereum
  • Dogecoin
  • Blockchain
  • Market Analysis
  • Regulation
  • Business
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Bitcoin
  • Ethereum
  • Dogecoin
  • Blockchain
  • Market Analysis
  • Regulation
  • Business
  • Contact Us

© 2022 All Rights Reserved Cryptodailygists

en_USEnglish
en_USEnglish