- April 18, 2023
- Posted by: admin
- Category: BitCoin, Blockchain, Cryptocurrency, Investments
Several crypto stakeholders have described Senator Elizabeth Warren’s latest tweet about Bitcoin (BTC) mining activity as “disinformation.”
The Democrat senator had agreed with a New York Times report that Bitcoin mines were increasing energy bills for Americans and causing as much pollution as 3.5 million cars.
Warren said she has severally called attention to “the risks that Bitcoin poses to our power grids and climate.” She urged the authorities to “require cryptominers to disclose their energy use and emissions.”
Several crypto experts previously criticized the report cited by Warren. They described it as a hit piece that manipulated data to prove that Bitcoin mining activities were bad.
Crypto community reaction
The lawmaker’s statement generated strong reactions from the crypto community, which vehemently denied her claims.
MicroStrategy chairman Michael Saylor told the Senator that Bitcoin miners don’t create pollution and increase energy bills. Saylor added:
“They are data centers running on excess electricity that would otherwise be wasted, and perform the vital role of powering the most secure computer network in the world.”
A climate activist Daniel Batten pointed out that “the increases in Texas electricity prices are in line with the increases across the USA over that period of time. Nothing to do with Bitcoin mining.”
Bitcoin advocate Jane Adams responded that Bitcoin mining has no carbon emissions and reduces pollution by “utilizing stranded assets, and strengthens energy grids all over the U.S.”
Meanwhile, others were not so civil in their response as they accused the Senator of spreading misinformation. Several others tagged Elon Musk to deal with the disinformation on the platform.
Warren’s anti-crypto stance
Senator Warren has a long history of anti-crypto stand. The Senator has never missed an opportunity to criticize the industry and recently shared a plan to “build an anti-crypto army.”
Warren has also described Bitcoin as an ephemeral token with no value and called for the development of a central bank digital currency(CBDC).
The post Senator Warren Bitcoin mining tweet called ‘disinformation’ by crypto community appeared first on CryptoSlate.
