A Congressional subcommittee is preparing a hearing to examine the environmental impact of cryptocurrencies, especially bitcoin mining, three sources with knowledge of the matter have told The Block.
The Oversight and Investigations subcommittee of the House Energy and Commerce Committee is apparently working on a roster of witnesses to account for the energy use of proof-of-work crypto validation, especially the Bitcoin network.
The timing and the witness list have yet to be determined, but the hearing could take place as soon as the end of the month. A source involved in pre-hearing discussions with the subcommittee told The Block that the broader committee has become especially concerned in light of recent events in New York State.hashrate in the world.
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