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Crypto-Asset Environmental Transparency: Energy Use and Emissions Reporting

This bill aims to study how crypto-asset mining impacts the environment and energy consumption in the U.S. It requires large crypto-mining operations to report their greenhouse gas emissions and energy usage, helping to assess their climate and local community impact. This will provide citizens with better insight into how this industry affects air quality, water, and noise levels in their areas.
Key points
Large crypto-asset mining operations will be required to report their greenhouse gas emissions and energy consumption.
A comprehensive study will be conducted on the environmental impacts of crypto-asset mining, including air and water quality, noise, and energy use.
The act aims to increase transparency in the crypto industry, allowing for a better understanding of its impact on climate goals and public health.
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Additional Information
Print number: 117_HR_9457
Sponsor: Rep. Huffman, Jared [D-CA-2]
Process start date: 2022-12-07