Lawmakers and Regulators Examine Role of Blockchain Technology in Energy Transitions

U.S. state and federal lawmakers, in addition to federal regulators, are more and more specializing in the function of blockchain and distributed ledger expertise in ongoing efforts to fight local weather change and to facilitate the transition from carbon-based fossil fuels.

There have been a number of key developments within the latest weeks on the state and federal degree, protecting two broad classes:

(1) Initiatives focusing on carbon emissions related to information mining operations, together with New York State laws to briefly halt sure carbon-powered cryptocurrency mining operations and a U.S. Senate invoice calling on federal businesses to report on the impression of such mining operations on power markets; and

(2) Efforts to reinforce the integrity and transparency of power markets and associated digital property, notably on the CFTC, which has solicited enter from varied trade gamers on the function of digital property in mitigating local weather dangers, together with within the voluntary carbon market.

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