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.
Mar 21, 2023
Very pro-crypto
This resolution expresses the House of Representatives' view that Proof-of-Work (PoW) mining, such as that used by Bitcoin, is crucial for the United States to achieve its energy goals and grow its economy. It asserts that PoW mining ensures blockchain network trust, utilizes excess energy, contributes to grid stability, and can reduce methane emissions. The resolution also contrasts this with China's adoption of a CBDC and emphasizes the need for congressional authority for any US CBDC, advocating for investment in the digital asset industry for job growth and innovation.
Current Status
This bill is currently in the legislative process and has not yet been passed into law.Analysis
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A
Pete Sessions(R) Congressperson
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