The cryptocurrency industry has secured a significant legal victory against the U.S. government, particularly targeting actions by the Securities and Exchange Commission (SEC), the Environmental Protection Agency (EPA), and the Energy Information Administration (EIA). The courts have ruled in favor of the crypto community, emphasizing the industry's resilience against bureaucratic overreach. This triumph is notably marked by the Department of Energy's decision to withdraw a controversial survey on crypto mining energy usage, which had been perceived as an overstep of governmental authority. The settlement includes the destruction of all data collected through the survey and mandates that any future attempts to gather such data must be preceded by a public notice and an opportunity for comment. The legal challenge was bolstered by a united front from the cryptocurrency sector, including significant entities like BlackRock, Fidelity, Riot Platforms, and the Texas Blockchain Council. This victory is celebrated as a protective measure for the Bitcoin ecosystem and a reinforcement of the rule of law, with Bitcoin ETFs playing a pivotal role.
Mandatory survey of Bitcoin miners’ power consumption halted by US Energy Department https://t.co/7sNuEtDwtO
📣 Latest News: US energy officials agree to 'destroy' all data from crypto mining survey #news #cryptonews #crypto #mining
The EIA settled its lawsuit with the Texas Blockchain Council and Riot Platforms, agreeing not to use any data from the emergency survey on crypto miners, or any future information from it. https://t.co/AYq4Etbs2W
Filing: The US DOE settles with bitcoin miner Riot Platforms and an industry group, and agrees to cancel its mandatory survey of energy use by crypto miners (@forthewynn_ / The Block) https://t.co/x6HCbTLtOL 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/UjpJSrmyLN
The crypto industry and the DOE come to an agreement on next steps for controversial miner survey. @nikhileshde reports https://t.co/rcHVh5hqce
The Department of Energy officially withdrew its crypto mining usage survey today, a win for crypto mining and the entire crypto asset community. I will continue to fight back against this blatant government overreach to ensure crypto is not unfairly targeted by the Biden admin.
Emergency bitcoin miner survey off the table after parties agree to end lawsuit https://t.co/YwuhPdWxk1
🚨WIN🏆 🥇The govt is withdrawing its illegal survey of Bitcoin miners. 🥈It is destroying all illegally collected data. 🥉If it wants to proceed at all, it must file the legal process w a public notice & comment. 🏅It’s covering certain costs for dragging our team to court.
Bitcoin miner Riot and others score court win; EIA to drop emergency miner survey https://t.co/1KxvkWucSQ
"In a striking display of unity and resolve, the cryptocurrency industry recently mounted a crucial legal challenge against undue governmental overreach resulting in victory" Read @Blockworks_ latest op-ed from @PerianneDC and @lee_bratcher to learn more about our industry's… https://t.co/33O8rDEMle
The courts put the SEC in its place. The courts put the EIA in its place. Crypto is winning, bureaucracy is losing. Keep fighting.
The courts put the SEC in its place. The courts put the EPA in its place. Crypto is winning, bureaucracy is losing. Keep fighting.
MASSIVE WIN for #BITCOIN and America's energy sector. The government abused its power in a political attack. We held them accountable and won. It's critical we always hold our ground against government overreach. Thank you to the teams of advocates that helped achieve… https://t.co/sjXA5nufD0
Really impressive victory for Bitcoin policy and the rule of law generally. https://t.co/C1w8FE7gHE
This is the most transformative element of the #bitcoin ETFs: they give BlackRock, Fidelity et al. a powerful *political* incentive to protect the legality of the Bitcoin ecosystem. https://t.co/nipdZw8wOz https://t.co/bgj1AbeloT