Bitcoin Miners Meet Environmentalists In NY State; Rep. Nickel Supports Stablecoin Legislation

bitcoin mining air

Environmentalists are continuing to fight to the crypto mining industry and Canadian company Digihost in New York State. “The opponents claim Digihost wants to increase the Fortistar natural gas burning plant’s output to full power. It would be a dramatic shift for a facility that previously served as a ‘peaker’ plant, operating only in times of high energy demand, and at very low output,” says Buffalo News. The end game is a potential denial of Digihost’s air permit for its Fortistar plant. Read more.

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And, see the Fortistar plant courtesy of Google Maps.

Democrat on stablecoins

In a 5-minute speech on the House floor on Tuesday promoting the benefits of bipartisan legislating, Rep. Wiley Nickel (D, NC) came out in favor of recent work on the House Financial Services stablecoin bill. He said, ” As we look ahead, I know that we can reach consensus and find common ground on the issues facing the American people. One of those areas is stablecoin legislation. I am proud of the work we have done this Congress on bipartisan stablecoin legislation.” Read it.

This isn’t the first time Nickel has expressed interest in digital assets legislation. The freshman Congressman came out in favor of a digital assets regulatory framework in March at the first hearing of the HFS Subcommittee on Digital Assets, Financial Technology and Inclusion. Nickel also co-sponsored fellow-North Carolinian and HFS Chair Patrick McHenry’s (R) “Keep Innovation in America Act” in April.

Twitter takes

“So, let’s run through an overview of the Digital Asset Market Structure Discussion Draft…A TLDR” – Jessica Furr

[The House Appropriations Financial Services and General Government Subcommittee] would limit SEC from using any of its appropriated funding to finalize, implement, or enforce the problematic-for-crypto best execution or custody rules.” – Alexander Grieve

still more tips

Bitcoin Bonanza on Tap if BlackRock ETF Is Approved – The Wall Street Journal

Opinion: Big Firms Want Normal Crypto Markets – Matt Levine on Bloomberg

Opinion: U.S. crypto banking is under frontal assault. Here’s what it will take for the regulatory freeze to thaw, according to a former Fed examiner – Fortune

Chinese-owned crypto mining facility planned in Vilonia (Arkansas) opposed by townsfolk, government officials –

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