Your Own Liberty - Investing and Stock News
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
  • Investing
  • Stock
  • Latest News
  • Editor’s Pick
  • Economy
No Result
View All Result
Your Own Liberty - Investing and Stock News
No Result
View All Result
Home Investing

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

by
February 26, 2024
in Investing
0
Texas Miners’ Lawsuit Spurs EIA to Temporarily Halt Bitcoin Miner Survey

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.

Previous Post

Philadelphia Tech Professional Falls Victim to $450,000 Cryptocurrency Romance Scam

Next Post

Chinese Authority Warns of Fake Digital Yuan App Scam

Next Post
Chinese Authority Warns of Fake Digital Yuan App Scam

Chinese Authority Warns of Fake Digital Yuan App Scam

Enter Your Information Below To Receive Trading Ideas and Latest News

    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!

    Popular News

    Levi Strauss to sell Dockers to brand management firm Authentic Brands Group

    Levi Strauss to sell Dockers to brand management firm Authentic Brands Group

    May 24, 2025
    Trump admin steps up overhaul of National Security Council, weeks after Waltz’s departure

    Trump admin steps up overhaul of National Security Council, weeks after Waltz’s departure

    May 24, 2025
    Israel is facing unprecedented pressure from allies over its war on Gaza. Can they force it to change its ways?

    Israel is facing unprecedented pressure from allies over its war on Gaza. Can they force it to change its ways?

    May 24, 2025

    About Proud For Profits

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Main Categories

    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy

    Latest News

    • Levi Strauss to sell Dockers to brand management firm Authentic Brands Group
    • Trump admin steps up overhaul of National Security Council, weeks after Waltz’s departure
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 yourownliberty.com | All Rights Reserved

    No Result
    View All Result
    • Investing
    • Stock
    • Latest News
    • Editor’s Pick
    • Economy

    Copyright © 2025 yourownliberty.com | All Rights Reserved