I don't believe that there are people working in that entire US administration who have problems with elementary mathematics,
Knowing the current president, and his crazy policies, I can very much believe this.
but I would like one of those geniuses to explain to me how in this particular case Bitcoin with its (currently) 250 TWh per year threatens US climate efforts? I think it has been proven many times that more than 50% of the energy for Bitcoin mining comes from renewable sources and that from that point of view it is crazy to talk about Bitcoin as any problem when it comes to the climate.
Mining bitcoin requires stable electricity. Even if "renewable" energy is used, "traditional" electric sources will need to be on hand to serve as a backup when the "renewable" energy sources go offline (for example when it gets dark, or when the wind stops blowing).
Further, electricity is fungible, so electricity consumed via solar panels means that this electricity cannot be consumed by others.
Bitcoin mining does use less electricity than many other things, including many that provide less utility.
they might be forcing BTC to become POS too now that they have successfully turned ETH to be one into believing cryptocurrency is adding the climate change problem. hard to make them turn to some other industries that actually is 100x worse yet protected by the ESG.
if they get support, it will result in banning BTC mining which Biden administration is aiming for in their crypto report.
ESG is a scam. This is really posturing by the administration to make it look like they are trying to address "climate change"