Cryptocurrency miners have a brand new voice in Washington, D.C. with the launch of the Digital Power Network (DPN), a brand new coalition affiliated with the Chamber of Digital Commerce. The community is off to a promising begin, with many of the United States’ greatest miners on board.
The DPN is the primary affiliate of the Chamber and shares many of the identical staff members. Its origins stretch again to the Chamber’s Mining Initiative, which “pioneering the introduction of the first pro-proof-of-work resolution in the U.S. House of Representatives.”
Alena Ricci, vice current of advertising on the Chamber and head of advertising on the DPN, defined to Cointelegraph that the decision was submitted by Texas consultant Pete Sessions in March. “Bitcoin Mining will play a critical role in rebuilding energy independence in the USA,” Sessions tweeted at the time.
The DPN is debuting with 11 members: Argo, BitDigital, BitFarms, Coinmint, Cipher Mining, DigitHost, Hive, Marathon, Riot, Sustainable Bitcoin Protocol and Terawulf. Together, they signify over 50% of the U.S. Bitcoin (BTC) hash fee, the DPN mentioned. According to a press release:
“The Digital Power Network spearheads policy advocacy for digital asset mining and shapes the future of energy policy. Its mission is to champion Bitcoin and blockchain technology to revolutionize energy markets.”
The DPN has its work minimize out for it. A invoice reintroduced into Congress in March, previous to Sessions’ decision, would require the Environmental Protection Agency to analyze crypto miners. The Biden administration included a 30% tax on electrical energy utilized by crypto miners in its FY2024 finances, though that proposal may have been dropped.
Today, we’re thrilled to announce the launch of @digitalpowerUS, a visionary consortium that is set to revolutionize the vitality panorama! Representing over 50% of U.S. #Bitcoin Hash Rate, this initiative is a game-changer for the longer term of vitality coverage. pic.twitter.com/8wtpRy1dyD
— Perianne (@PerianneDC) September 19, 2023
The DPN will work alongside the Digital Energy Council, a lobbying group founded in August by former Chamber director of vitality coverage Thomas Mapes.