A new lobbying group, the Digital Energy Council (DEC), has been established in the United States to address misconceptions about the sustainability of the crypto mining industry. The DEC aims to promote policies that support the growth of digital asset mining and energy development. Thomas Mapes, the founder and president of the DEC, stated that it is essential for digital asset miners to have a unified voice in Washington. Mapes emphasized that crypto mining firms play a crucial role in the energy ecosystem by providing energy to the grid during peak demand and utilizing excess energy that would otherwise go unused. However, he noted that many lawmakers have yet to recognize the industry’s contributions. The DEC’s membership and lobbying efforts will focus exclusively on the United States.

Summary

A new lobbying group called the Digital Energy Council (DEC) aims to dispel misconceptions about the sustainability of the crypto mining industry among policymakers. The DEC seeks to promote policies that encourage the growth of digital asset mining and energy development. Its founder, Thomas Mapes, believes that digital asset miners are energy companies that can contribute to the energy ecosystem. However, lawmakers have not fully recognized the industry’s potential. The DEC’s membership and lobbying efforts will concentrate on the United States.

FAQs

What is the Digital Energy Council?

The Digital Energy Council (DEC) is a lobbying group focused on educating policymakers about the sustainability of the crypto mining industry and advocating for policies that support its growth.

What are the goals of the DEC?

The DEC aims to dispel misconceptions about the sustainability of crypto mining, promote the growth of digital asset mining, and encourage energy development.

Why is a unified voice important for digital asset miners in Washington?

A unified voice allows digital asset miners to effectively communicate their contributions to the energy ecosystem and address any concerns or misconceptions held by policymakers.

What role does the DEC believe crypto mining firms play in the energy ecosystem?

The DEC believes that crypto mining firms are essential energy companies that provide energy to the grid during periods of high demand and utilize excess energy that would otherwise be wasted.

What is the focus of the DEC’s membership and lobbying efforts?

The DEC’s membership and lobbying efforts will solely focus on the United States, advocating for policies that support the growth of digital asset mining and energy development within the country.