Democrat Senator Elizabeth Warren has echoed her concerns regarding foreign-owned crypto mining establishments in the United States.
Democrat Senator Elizabeth Warren has echoed her concerns regarding foreign-owned crypto mining establishments in the United States.
Senator Warren, famous for her unwavering anti-crypto views, criticized foreign cryptocurrency miners, describing them as loud, hot, and weighing heavily on the power grid.
At a Senate committee hearing, Warren warned about the potential risks of these digital asset-mining facilities in the US.Foreign-run Crypto Mining Firms Potentially Endangers National Security
Senator Elizabeth Warren voiced concerns regarding crypto mining operations during a July 25 hearing with the Senate Committee on Banking, Housing, and Urban Affairs.
According to the Senator, digital asset mines operated by foreigners in the US threaten national security and are a disaster to the environment. In addition, Warren noted that crypto mining facilities are loud, hot, and consume a lot of electricity, potentially crashing the power grid.
Warren’s attack aimed mainly at a Chinese-owned Bitcoin mining facility, MineOne.
