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US House Resolution: Proof-of-Work Mining for Energy and Economic Growth

This House of Representatives resolution highlights the importance of Proof-of-Work (e.g., Bitcoin) cryptocurrency mining for the United States' energy goals and economic growth. It suggests that this technology can support grid stability and create new jobs, contributing to the nation's energy independence.
Key points
Proof-of-Work mining can aid energy and infrastructure development, enhancing national security.
This technology can stabilize the power grid by utilizing excess energy and reducing consumption during peak demand.
Investments in this industry can create new, high-paying jobs and foster technological development in areas that need it most.
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Additional Information
Expressing the sense of the House of Representatives regarding the importance of Proof-of-Work mining, used for certain cryptocurrencies such as Bitcoin, to the United States ability to achieve its energy goals and grow its economy.
Print number: HRES 238
Sponsor: Rep. Sessions, Pete [R-TX-17]
Process start date: 2023-03-21