The Fight Over Regulating Crypto’s Energy Use: Crypto Irl

Crypto’s energy consumption remains one of the most fiercely debated topics in the sector, with environmental activists arguing electricity usage should be curtailed, and miners saying that Bitcoin’s benefits outweigh its costs.

“There are energy standards for light fixtures. There are energy standards for appliances,” Liz Moran, of advocacy group Earthjustice, said in the fourth episode of “Crypto IRL.” “So that’s the type of thing we need to look at for the cryptocurrency mining universe as well.” The government needs “to play catch up” when it comes to regulating crypto mining, Moran added.