• Economy
  • Investing
  • Editor’s Pick
  • Stock
Evil Shark Trades
Editor's Pick

Texas Miners’ Lawsuit Spurs EIA to Temporarily Halt Bitcoin Miner Survey

by February 26, 2024
by February 26, 2024

A US judge has temporarily halted the Energy Information Administration’s (EIA) attempt to enforce a mandatory survey on Bitcoin miners.

Judge Alan Albright said on Friday that the EIA cannot compel the Texas Blockchain Council or its members to answer the survey. The order also blocks the agency from any data collection or sharing, even of information already received, for four weeks.

While the restraining order was issued, EIA Administrator Joseph DeCarolis indicated the agency would voluntarily halt the survey.

He outlined the agency’s decision to willingly suspend enforcement of the Bitcoin miner survey until March 22 in a separate notice. This also includes a commitment not to penalize anyone who fails to respond before March 25.

EIA’s Offer Falls Short, Judge Albright Says


Despite the Administrator’s offer to delay enforcement, Judge Albright said a simple declaration isn’t enough.

“The declaration fails to bind all defendants, does not remove the credible threat of enforcement from other defendants (or the EIA after March 25), and does not address plaintiffs’ alleged costs of compliance with the survey,” he said.

“The court is also concerned that that the declaration lacks any enforcement mechanism in the event the EIA Administrator chooses not to honor the terms set forth in his declarations.”

Texas Blockchain Council, Riot Allege Unlawful Data Collection


The development comes after the Texas Blockchain Council (TBC) and crypto miner Riot Platforms sued the EIA last week. They alleged that the agency’s new mandatory survey constitutes unlawful data collection from the industry.

It came after the EIA said it would begin gathering information on the electricity usage of specific US-based crypto miners, starting early February.

This mandate applies specifically to commercial miners, who are required to disclose their energy consumption. The decision to implement this requirement came after receiving emergency approval for data collection from the Office of Management and Budget on Jan. 26.

EIA’s ‘Emergency’ Approval of Bitcoin Miner Survey is Legally Insufficient, TBC Says


TBC also expressed worry that this private data might become public, possibly resulting in more scrutiny on the industry, as hinted by past statements from The White House.

Among its concerns, the TBC said the emergency request and the survey were “legally deficient.” The council questioned EIA’s “emergency” approval, seeing it as bypassing necessary public safeguards, which it deemed unreasonable.

The post Texas Miners’ Lawsuit Spurs EIA to Temporarily Halt Bitcoin Miner Survey appeared first on Cryptonews.

0 comment
0
FacebookTwitterPinterestEmail

previous post
Philadelphia Tech Professional Falls Victim to $450,000 Cryptocurrency Romance Scam
next post
Chinese Authority Warns of Fake Digital Yuan App Scam

You may also like

Josh Fraser, Co-Founder of Origin Protocol, on Liquid...

Hong Kong Legislator Raises Concern Over Crypto Licensing...

Bitcoin Price Prediction: $150K Forecast and ETF Market...

Veteran Analyst Peter Brandt Predicts Bitcoin Price to...

Robinhood Implements Buying Restrictions on GameStop As Roaring...

Over $3 Billion Worth of ETH Withdrawn from...

Matter Labs Withdraws ‘ZK’ Trademark Application After Industry...

Rwanda to Roll Out CBDC By 2026 After...

El Salvador’s President Nayib Bukele Sworn in for...

FTX Estate Sells Off Remaining Anthropic Holdings Amid...

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.






    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent Posts

    • Rubio denies visas to Palestinian leaders for UN General Assembly, citing terror support
    • 2028 looks like trouble for Democrats — and Republicans are poised to capitalize
    • Cracker Barrel rebrand: Why companies retreat when faced with consumer criticism
    • Trump revokes Kamala Harris’ Secret Service protection, spokesperson says
    • ‘Web of dark money’ tied to Obama, Dems fuels green opposition to crucial Trump energy plan

    Categories

    • Economy (7,159)
    • Editor's Pick (3,862)
    • Investing (2,826)
    • Stock (1,443)
    Email Whitelisting About Us Terms & Conditions Privacy Policy Contact Us

    Disclaimer: Evilsharktrades.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 EvilSharkTrades.com


    Back To Top
    Evil Shark Trades
    • Economy
    • Investing
    • Editor’s Pick
    • Stock