White House’s New Crypto Proposals Pose Grave Threat to Bitcoin, Says Cardano Creator
The proposal suggested a ban on BTC, you read that right? Here are his views;
Looking at the recommendations of the new White House Office of Science and Technology Policy report that demand the involvement of the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DoE) to establish evidence-based environmental standards for the responsible design of digital assets, according to Hoskinson, the proposal could eventually lead to the banning of Bitcoin (BTC).
According to him;
“[The] EPA and DoE are going to start talking to crypto companies to basically tell them to change the way that their cryptocurrencies work.
And which way? Well, these should include, ‘Standards for very low energy intensities, low water usage, low noise generation, clean energy usage by operators and standards that strengthen over time for additional carbon-free generation to match and exceed additional electricity load of their facilities.
Should these measures prove ineffective at reducing impacts, the administration should explore executive actions and Congress might consider legislation to limit or eliminate the use of high energy intensity consensus mechanisms for crypto-asset mining.’
In other words, Bitcoin should be banned. That’s how you read that.”
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https://mycryptoparadise.com/white-houses-new-crypto-proposals-pose-grave-threat-to-bitcoin-says-cardano-creator/
